The SEC recently issued a “concept release” seeking public comment on business and financial disclosure requirements in Regulation S-K. This is the regulation, first instituted in 1933, that lays out reporting requirements for quarterly, annual, and other various SEC filings used by public companies in the United States.
The Assertion Severity specification is a modular addition to the XBRL Formula specification that allows validation rules to be classified according to their severity.
The Taxonomy Package Specification defines a standard way of publishing taxonomies that XBRL tools can use to improve the end-user experience when working with XBRL.
Government oversight groups are praising a decision by the US House Rules Committee (a powerful body that manages the day to day activities of the US House of Representatives) to publish the text of the House Rules and eventually other related documents in XML format on GitHub. An interesting approach and one worth analysing. Learn more here.
The Central Bank of the Russian Federation has published its roadmap of strategies for developing more robust financial markets in that country. The document covers everything from improving the financial literacy of the general public, to improving access to capital, promoting transparency and participation in efforts to stabilise global markets.
Merrill Corporation recently posted an interview with Mike Willis from the SEC’s Office of Structured Disclosure, in which he touches on a number of topics, including data quality, enforcement, and the use of XBRL data for analysis. Read the interview.
The UK’s Financial Reporting Council, in conjunction with the Charities Commission, has released an XBRL taxonomy to tag charity accounts for electronic filing and for other analytical purposes. Both the business registrar, Companies House, and HM Revenue and Customs (HMRC) are updating their systems this month to accept company filings from registered charities that have been […]
The Reserve Bank of India has released another set of XBRL data related to the performance of Non-Government Non-banking Financial and Investment for 2014-15.