XBRL US responded to the Securities and Exchange Commission (SEC) request for comment on their Regulatory Flexibility Agenda in a letter raising the following points: Urged the Commission to require information disclosed to be prepared in conformance with a semantic data model to ensure that data provided to data consumers is highly-functional, machine-readable, aligned with […more]
The Securities and Exchange Commission (SEC) published an Order Granting Exemptive Relief, Pursuant to Section 36(a)(1) of the Securities Exchange Act of 1934, from Inline XBRL Requirements for Portions of Form CA-1 and Form 1 and for Form X-17A-5 Part III, Form 17-H, and Security-Based Swap Entity’s Annual Compliance Report. Read the order.
The Securities and Exchange Commission’s (SEC) Investor Advisory Committee held a meeting on disclosures and artificial intelligence and the Regulation National Market System. XBRL US’ President and CEO Campbell Pryde participated in the first panel, on artificial intelligence, along with Julie Marlowe, CPA, Assistant Director, Office of Data Standards and Innovation, Division of Economic and […more]
XBRL Staff at the Financial Accounting Standards Board (FASB) issued for comment the following: Proposed GAAP Taxonomy Improvements for Proposed Update on Codification Improvements (September 2 2026). The proposed Update on Codification improvements (File Reference No. 2026-ED500) would update the Codification for a broad range of Topics arising from technical corrections, unintended application of the Codification, clarifications, […more]
XBRL US responded to the PCAOB’s Draft 2026-2030 Strategic Plan Goals and Objectives. The XBRL US letter addressed two of the five goals in the plan: Goal 1: Modernize Standard Setting and Implementation. Our letter recommended that the PCAOB consider the vLEI (Verifiable Legal Entity Identifier) as a standard that can help with the audit […more]
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) announced a further extension to the compliance date for the amendments to Form PF that were adopted on February 8, 2024, from October 1, 2026, to July 1, 2027. Form PF is the confidential reporting form for certain SEC-registered investment advisers to […more]
XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on the Joint Request for Comment on Swap and Security-Based Swap Data Reporting. The XBRL US letter noted that we support the goal of the Commissions to rationalize and simplify reporting to maximize accuracy, completeness, […more]
The Securities and Exchange Commission (SEC) published the proposed rule Regulation Crypto Assets which calls for the creation of a tailored offering regime for certain investment contracts involving crypto assets. The rule calls for a new SEC Form 1-CRYPTO which is proposed to be an XML based fillable form that includes information about the issuer […more]
Calcbench explains how companies are using US GAAP and company extension concepts to disclose IEEPA refunds. Read more.
XBRL US responded to the Office of the Comptroller of the Currency (OCC) rule proposal GENIUS Act: Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers Subject to the Jurisdiction of the Office of the Comptroller of the Currency. The proposal is a new information collection related to the weekly and quarterly reporting forms that must […more]
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