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Latest News

Wednesday, July 1, 2020

XBRL US Comments on FERC Form 730 Revisions

XBRL US submitted a comment letter responding to the Federal Energy Regulatory Commission (FERC) request concerning proposed changes to Form 730, the Report of Electric Transmission of Investment Activity, and their proposal that the revised content be prepared in XBRL format. We agree with the FERC proposal as written, because much of the data required […more]

Thursday, June 25, 2020

Video: Data Quality Rules

Data Quality Committee (DQC) rules are important tools to help preparers create good quality XBRL financials. Watch this video to learn about the committee behind the creation of the rules and how filers use the rules. Featuring Heather Krupa, CPA, Vice President and Controller, Global Water Resources, Inc., who is a member of the XBRL […more]


Wednesday, June 24, 2020

SEC Updates Custom Tag Trend Analysis

The Securities and Exchange Commission published an updated analysis of custom tag rate trends which shows a slight decline in the use of custom tags (from 18% to 17%) for all filers. The biggest decline in the use of custom tags was from large accelerated filers which was offset by an increase among smaller reporting […more]

FASB Publishes US GAAP Taxonomy Q&A on COVID-19 Disclosures

The Financial Accounting Standards Board (FASB) published a new Q&A that covers applying the US GAAP Financial Reporting Taxonomy on disclosures related to effects of COVID-19. Topic areas covered include: Income taxes Payroll taxes Loans Grants Pensions Overall discussion of the COVID-19 pandemic.   Read the Q&A.

Tuesday, June 23, 2020

SEC News from Novaworks Software

Posted this month: SEC Adopts Amendments to Improve Financial Disclosures about Business Acquisitions and Dispositions Reminder for Filers Who Obtain EDGAR Access Pursuant to Temporary Final Rule 10(c) New York Regional Office to Host Educational Call for Investors on Avoiding COVID-Related Fraud SEC Extends Relief for Virtual Meetings of Fund Boards and more news


Tuesday, June 16, 2020

SEC Requests Comment on N-CEN Data Collection

The Securities and Exchange Commission announced a request for comment concerning the collection of data by investment companies on Form N-CEN, which is currently required to be reported in XML format. The request seeks information on: (a) whether the proposed collection of information is necessary for the proper performance of the functions of the agency, […more]

Wednesday, June 10, 2020

The Calcbench Insider: June 2020

In this issue:

  • Covid-19 Disclosures
  • Earnings release & 10-K timing

Tuesday, June 9, 2020

Video: Standards for government data collection

Most U.S. government data agencies today do not require data standards for information reported by businesses, grantees, or state and local governments. Agencies could easily transition to data standards programs, with gains for all stakeholders: reporting entities would eliminate duplicate data preparation, and enjoy low costs from competitively priced preparation tools government agencies would experience […more]


Thursday, May 21, 2020

SEC Updates Interactive Data Test Suite

The Securities and Exchange Commission updated their interactive data test suite which is designed to assist filers using software to validate XBRL data prior to EDGAR submission. The test suite consists of small XBRL instances, schemas, and linkbases that are categorized as to whether they violate a validation check, and if so, what validation check […more]


Wednesday, May 20, 2020

XBRL US Comment on CFTC Proposal on Swaps Data Reporting Requirements

XBRL US commented on a Commodity Futures Trading Commission (CFTC) proposal on Swap Data Recordkeeping and Reporting Requirements. The goal of the proposal is to streamline the requirements for reporting new swaps, define and adopt swap data elements that harmonize with international technical guidance, and reduce reporting burdens for reporting entities. The XBRL US letter expressed […more]