Media

Tuesday, August 16, 2022

SEC Announces EDGAR Upgrade to Support FASB Q3 Supplemental GAAP Taxonomy

The Securities and Exchange Commission (SEC) announced today that they have upgraded the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system to Release 22.2.2 and now supports the 2022 Q3 supplemental U.S. Generally Accepted Accounting Principles (GAAP) Financial Reporting Taxonomy and 2022 Q3 supplemental SEC Reporting Taxonomy (SRT). The 2022 Q3 supplements to the US […more]

XBRL US Comments on SEC Proposal on Enhanced ESG Disclosures for Investment Companies

XBRL US submitted a comment letter responding to the Securities and Exchange Commission (SEC) proposal on Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, Social, and Governance Investment Practices. This proposal would require funds to provide disclosures regarding ESG strategies; and furthermore, to tag these disclosures in Inline XBRL format. Disclosure of […more]

XBRL US Comments on SEC Proposal on Investment Company Names

XBRL US submitted a comment letter responding to the Securities and Exchange Commission (SEC) proposal on Investment Company Names. This proposal would require funds to to enhance investor protection through greater clarity and transparency in fund names; and by improving the disclosure requirements for fund terminology by requiring narrative disclosures about a fund’s 80% investment […more]

FASB Announces SEC Accepts Q3 Supplemental GAAP Taxonomy

The Financial Accounting Standards Board (FASB) announced that the Securities and Exchange Commission (SEC) has accepted the 2022 Q3 Supplemental GAAP Taxonomy. Read the FASB Announcement: SEC Accepts 2022 Q3 Supplemental GAAP Taxonomy (August 162022)  

Monday, August 15, 2022

Florida 2022 Annual Financial Report Taxonomy Finalized

The Florida Division of Accounting & Auditing has partnered with the Office of Information Technology to build the new Florida Open Financial Statement System, and have finalized and published the 2022 Annual Financial Report Taxonomy. Local governments will have the option to provide their financial data in the same manner they currently utilize, where it […more]

Wednesday, July 27, 2022

XBRL US Comments on FASB Q3 Supplemental GAAP Taxonomy

XBRL US commented on the Financial Accounting Standards Board (FASB) Q3 Supplemental GAAP Taxonomy which contains concepts to help Business Development Companies (BDC) meet their new tagging requirements in addition to other improvements. Review the FASB Announcement about the public comment  period. Read the XBRL US letter:XBRL US Comment on FASB Q3 Supplemental GAAP Taxonomy, […more]

Wednesday, July 20, 2022

Michigan House Bill 5783 Appropriates IT Funds for Machine-Readable (XBRL) Govt Data

Michigan Governor Whitmer signed off on House Bill No. 5783 which includes appropriations for fiscal years 2022 and 2023. The bill includes funding for Michigan State Treasury to work in partnership with a public university located in Michigan to develop an IT strategy focusing on machine-readable financial disclosures for local units of government, and that […more]

Three New Data Quality Rules for US GAAP Filers from XBRL US DQC

Investment Schedule Guidance also published for public review The XBRL US Data Quality Committee (DQC) has published its 19th Rule Set for a 45-day public review and comment period, which closes on September 1, 2022. The freely available DQC rules are developed through a collaborative process with stakeholders by exposing proposed guidance and validation rules […more]

Thursday, July 14, 2022

XBRL US Comments on SEC Proposal on Recovery of Erroneously Awarded Compensation

XBRL US submitted a comment letter responding to the SEC reopened proposal on Listing Standards for Recovery of Erroneously Awarded Compensation. This proposal was originally proposed in 2015. On the SEC Agency Regulatory List, this proposal is expected to be finalized by October of this year. In our letter, we agreed with the SEC proposal […more]

Wednesday, July 6, 2022

XBRL US Comments on SEC Data Collection of Form N-MFP

XBRL US submitted a comment letter in response to the Securities and Exchange Commission (SEC) notice of information collection for Form N-MFP, the Monthly Report for Money Market Funds. Today this form, which details disclosure items related to portfolio holdings, including daily and weekly facts, is required to be reported in XML format. Our letter […more]