The SEC have proposed amendments to the accelerated filer and large accelerated filer definitions. The aim is to reduce the reporting burden and compliance costs for low revenue companies by better defining which companies are classified as accelerated and large accelerated filers. The proposed amendments would mean smaller companies – those with less than $100 […]
The Securities and Exchange Commission (SEC) have announced a roundtable to contribute to the ongoing discussion around short-termism in corporate decision making. An excessive focus on short term results could lead to inefficient capital markets, poor investment returns and economic instability – this much is clear, however, the cause of short-termism in corporate thinking is […]
The European Single Electronic Format or “ESEF” is the name of the upcoming reporting mandate that will initially oblige all public company (and all EU Public Interest Entities) Annual Financial Reports that are prepared in accordance with the IFRS standards to be created as an Inline XBRL document. Initially the mandate will just cover the […]
The Securities and Exchange Commission (SEC) has released a draft update of the EDGAR Filer Manual in advance of version 19.2 coming into effect (if approved by the Commission) on 10 June 2019. Amongst other changes, the latest version of EDGAR has been updated to support the 2019 IFRS Taxonomy, and will no longer support […]
Want to know more about the recently released Data Quality Committees 9thRuleset? This week XBRL US hosted a webinar discussing the changes proposed in the ruleset, which is out for public review and comment until 15 June. In addition to expanding on many existing rules, the 9th ruleset contains a new category of checks that […]
In January 2019 the US’s Financial Accounting Standards Board’s (FASB) new standard on leases, ASC 842, came into effect, requiring companies to report leasing costs on their balance sheet. But why is lease accounting important for investors and analysis? In a helpful article on Value Walk last week Christine Tan outlined the significance of the […]
The International Financial Reporting Standards (IFRS) Foundation has published a webinar on improving the comparability of international financial reporting. Standards aim to promote accountability, transparency and efficiency in financial markets around the world – and one key way they do that is through facilitating the comparison of reports. Comparable financial reporting leads to better analysis […]
Interesting remarks on the role that standardisation, regulation, and information have to play in the global battle against cyber threats this week at the G7 2019 Conference, Cybersecurity: Coordinating efforts to protect the financial sector in the global economy. The need for cooperation and coordination to tackle this global threat was made clear: cybersecurity threats […]
In a series of articles on Forbes discussing the influence of technology on municipal governments and the municipal bond market Barnet Sherman has highlighted the positive effects of data analytics. Technology and data are driving a push for evidence-based policy in municipal governments. Big data analytics is being looked to for better planning and execution, […]
The Financial Stability Board (FSB) has taken a key step in its plan to introduce a Unique Product Identifier (UPI) for over-the-counter (OTC) derivatives. Why? Remember Lehman Brothers? The process of winding up the various parts of the investment behemoth took more than 10 years. Understanding who had financial claims against which instruments, in which countries, […]
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