By Campbell Pryde, President and CEO, XBRL US. The standardization of regulatory requirements called for in the FDTA is of critical importance to us all. Why? As regulators consider implementation of the FDTA, and as stakeholders respond to the cross-agency rule proposal that we expect to see any day now, it is important to keep in mind what constitutes success: Better Data, Reduced Cost, Flexibility.
By Campbell Pryde, President and CEO, XBRL US Since 2015, the Data Quality Commitee (DQC) of XBRL US has been creating freely available validation rules that provide clearly defined guardrails for corporate issuers to follow. The automated standardized rules give issuers the tools to identify and resolve inconsistencies and inaccuracies in their filings so that […more]
By David Tauriello, Vice President of Operations, XBRL US Everyone appreciates a good tip. While no substitute for a comprehensive review of all relevant information, shortcuts that enhance efficiency, save money, or broaden a perspective are useful and can have a lasting impact. Since 2018, we’ve been making data we’ve copied into our Public Filings […more]
By Christine Kuglin JD, LLM, CPA, Director – Truth in Accounting – Daniels College of Business, University of Denver For those of you who have ever used the online app, “NextDoor”, you probably know the benefits of keeping in touch with neighbors. The app, which is a subscriber-only network, offers up handy tips, lets residents post […more]
By Marc Joffe, Senior Policy Analyst, The Cato Institute The Financial Data Transparency Act (FDTA) promises to provide municipal bond investors with standardized financial data for counties, cities, and special districts that issue debt securities. Rather than work through voluminous PDF financial statements, investors would be able to quickly access standardized data facilitating peer comparison […more]
The national consortium for
the business reporting standard
