It is difficult to overstate the importance of cybersecurity in today’s digital world. Indeed, you would be hard-pressed to find an institution that does not fundamentally rely on the protection of their digital information and assets for their ultimate longevity. With an acute awareness of the risks surrounding this issue, the Securities and Exchange Commission […]
This is the fourth in a series of guest posts from Mohini Singh, ACA, Director, Financial Reporting Standards, CFA Institute. With more than 150 million data points in the Securities & Exchange Commission’s structured database, XBRL has the potential to increase the volume, speed, and access to information for policymakers, investors and regulators. Further, there’s […]
The world’s social media platforms and financial markets are abuzz about cryptocurrencies and “initial coin offerings” (ICOs). But are these new digital revolutions going to stand the test of time? The SEC’s chairman thinks so, but also heeds caution to investors seeking to get behind the trend. With the incredible growth in the BloThe world’s […]
The SEC has now announced its preliminary 2018 reporting taxonomy following a formal public review of the proposal.
The SEC’s Division of Economic and Risk Analysis (DERA) has compiled and analysed XBRL exhibits from US issuers that are submitting XBRL and Inline XBRL to that regulator. The analysis covers a three-year period, from March 2014 to December 2016. The data shows a very modest contraction in the number of custom tags or “extensions” […]
The SEC’s EDGAR system now supports the 2017 IFRS Taxonomy. This impacts Foreign Private Issuers, which is the US term for companies based outside of the United States that have raised funds in the US public markets. All FPIs that prepare their accounts in accordance with IFRS are obliged to file XBRL or Inline XBRL […]
On September 27th, 2017 in Toronto, XBRL Canada will be hosting a workshop geared towards SEC Reporting Issuers. The event will address the SEC announcements on March 1 2017 regarding the use of XBRL for IFRS Reporting Issuers, and the implementation of Inline XBRL. According to rule 33-9002 of the US Securities and Exchange Commission […]
In this guest post from Mohini Singh, the CFA Institute suggests a number of measures to improve XBRL filing for Issuers and Regulators alike, in the US and other countries.
Staying with the US, on 17th July, the SEC upgraded the EDGAR system with the release of version 17.2. This latest version no longer provides support for the 2015 US GAAP financial reporting taxonomy, 2013 COUNTRY taxonomy, 2014 CURRENCY taxonomy, or the 2015 EXCH taxonomy. Please see the SEC website for a complete listing of currently […]
Still not sure what Inline XBRL is or why its important for securities regulators and business registrars, or indeed anyone that wants to produce a report unique to their organisation that can still be read broadly? Have a look at this short video from the SEC, which demonstrates just some of the capabilities of Inline XBRL, in […]
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