The US President-elect has announced his pick to head the US Securities and Exchange Commission.
The successful implementation of data-centric programs requires a three pronged approach that addresses infrastructure, business processes and business requirements.
XBRL US is seeking public comment on five new sets of validation rules to address common XBRL input errors.
The SEC has accepted its first iXBRL filing. Follow the link to the SEC’s iXBRL viewer.
We highly recommend that you spend a few minutes having a look at the SEC’s new iXBRL Viewer, which provides a “head up display” for the data and data definitions associated with individual disclosures. This “looks like paper, acts like structured data” presentation is easy, intuitive and extremely powerful.
The US SEC has announced a voluntary program allowing firms it regulates to use Inline XBRL (or “iXBRL”). This is another very welcome step forward in enhancing transparency and accountability in reporting.
Our thoughts on remarks by SEC Commissionor Kara Stein on efforts to “breathe new life into the critical matchmaking process between companies and investors”.
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.
SEC Commissioner Michael Piwowar called on the SEC to “move promptly to modify EDGAR to permit inline XBRL and commence a voluntary pilot program to obtain more information about the costs and benefits of an inline XBRL system”.