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Politics and Regulation in the US

Posted on September 16, 2016 by Dave Nitchman

Washington DC

Business Reporting is both a political and regulatory exercise, and there have been recent movements on both fronts in the US.

Legislation has once again been proposed to exempt smaller companies from XBRL filing. This is in the preliminary stages and is unlikely to become law, especially since the major impetus behind the proposal is cost, which has been proven to not only be somewhat overblown, but is also being addressed by the SEC’s move towards Inline XBRL. You can read about it in this blog post¬†by the Data Coalition, which is extremely active lobbying the US Congress on open data and the value of data standards.

 

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