SEC updates FAQs on digital reporting process

Posted on February 18, 2022 by Editor

Did you know that the US Securities and Exchange Commission (SEC) has a set of detailed FAQs dealing with XBRL filings, which has recently been updated?

The Office of Structured Disclosure within the SEC’s Division of Economic and Risk Analysis has added to its webpage with ‘Staff Interpretations and FAQs Related to Interactive Data Disclosure,’ covering submissions to its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system using Inline XBRL. The in-depth technical questions addressed by staff range over validation, presentation and rendering, using standard SEC taxonomies, company extensions and instances, detail tagging and element selection.

While there is no easy way to see which content is new, the whole page is a very useful resource for anyone involved in financial reporting in the US.

Read more here.

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