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Items tagged with "SEC"

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SEC opens beta testing for major EDGAR improvements

Last week the US Securities and Exchange Commission (SEC) released a series of amendments designed to improve EDGAR, its Electronic Data Gathering, Analysis, and Retrieval system. The changes, collectively called EDGAR Next, aim to improve the experience for filers accessing the platform.

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SEC reminds filers to avoid custom tags for credit losses

During a recent review, the US Securities and Exchange Commission (SEC) staff in the Division of Economic and Risk Analysis found some issues with how companies are tagging provisions for credit losses on their income statements.

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FASB seeks comments on 2025 SEC reporting taxonomy improvements

The Financial Accounting Standards Board (FASB) has published proposed improvements to the 2025 SEC Reporting Taxonomy (SRT), inviting public comment. The proposed changes focus on refining and updating elements in response to evolving industry needs, particularly in the oil and gas sector.

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Comments on SEC draft cybersecurity disclosure taxonomy

Earlier this summer XBRL US submitted comments to The Securities and Exchange Commission (SEC)  on the recently released draft Cybersecurity Disclosure (CYD) taxonomy.

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Draft rule for the FDTA proposed

After several years of discussion and planning, the Financial Data Transparency Act (FDTA) is poised to become a reality with the release of a draft rule proposal.

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Fewer financial restatements signal rising data quality

The Center for Audit Quality (CAQ) recently unveiled a promising trend in financial reporting: the number of financial restatements filed with the SEC has decreased by more than 50% over the last decade. The comprehensive study, covering 2013 to 2022, highlights a significant improvement in financial reporting quality.

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Navigating the complexities of climate disclosure compliance in the US

The evolving landscape of climate-related regulations poses significant challenges and costs for companies. This was the focus of a recent discussion led by Marc Siegel, PwC Partner, during a virtual panel hosted by CFO Dive.

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SEC’s spring 2024 regulatory agenda outlines upcoming FDTA implementation

The Securities and Exchange Commission (SEC) has published its Spring 2024 Regulatory Agenda, highlighting significant upcoming regulatory actions.

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EDGAR 24.2 release enhances XBRL taxonomies with new updates

The US Securities and Exchange Commission’s (SEC) Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system was upgraded to Release 24.2 this month, incorporating updates to its XBRL taxonomies.

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SEC publishes draft cybersecurity disclosure taxonomy

The US Securities and Exchange Commission (SEC) has announced the publication of the draft Cybersecurity Disclosure (CYD) taxonomy to support the final rule on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure.

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