SEC rules affect all US filers over next 3 years
Here’s some of the details from the recent SEC decision to move to Inline XBRL for US market participants.
Items tagged with "SEC"
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Inline Decision?
Next Week the US SEC will hold a public meeting of the Commission that will focus on Inline XBRL. Yesterday the Securities and Exchange Commission announced an open meeting to be held on June 28, 2018, which will cover two rule proposals with an XBRL component: whether to adopt amendments to rules and forms to require the […]
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XBRL Canada Webinar
XBRL Canada will be hosting a webinar on May 30, 2018 at 1:00 PM ET addressing their lessons learned from the first round of XBRL filings by Foreign Private Issuers (FPIs). Click here for more information on the event and registration details.
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Commissioner Piwowar Leaves SEC
Michael Piwowar has announced his plans to leave the US Securities agency upon the official end of his term on July 7, 2018, or the swearing in of his successor – whichever comes first. Mr Piwowar highlighted his intentions to move on whilst also remarking “we accomplished a great deal for the ‘forgotten investor’ in […]
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SEC: AI needs Machine Readable Data
The massive EDGAR database serves up 1.5 billion copies of documents filed by public companies with the SEC each year, and these days 85% of those downloads are by ‘bots, not humans. That’s an important signal: regulatory data needs to be human and machine readable. Read more…
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SEC Reporting Taxonomy – SEC & FASB Discussion
Did you miss the recent webinar on the new SEC Reporting Taxonomy? Not to worry! You can watch the recorded version of it here https://xbrl.us/events/20180501/. The webinar was hosted by both the SEC and FASB and addressed how issuers could take advantage of the guidance provided. The speakers were: • Louis Matherne, Chief of Taxonomy […]
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SEC Updated FAQ’s on Taxonomies
Following recent changed to the IFRS Taxonomy and SEC Reporting Taxonomy, you can now find here the corresponding set of updated FAQs.
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Duplicates in iXBRL: New guidance released
Inline XBRL, or iXBRL, brings together human-readable and computer-readable reports into a single document. Doing so sometimes highlights the conflict between the human need for readability, and a desire for consistent and complete structured data. A good example of this is reports that provide the same figure several times at differing precisions. For example, revenue […]
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SEC Updates FAQs on the IFRS Taxonomy
With so-called “FPIs”, or firms that raise money on US markets while domiciled elsewhere, now obliged to file IFRS financial statements with the SEC in XBRL or Inline XBRL format, the SEC has provided an updated set of (relatively technical) FAQs. Got questions? The FAQs are here.
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Public Review – Validation Rules for SEC Filers
XBRL US to host a webinar on public review of validation rule on April 11, 2018, at 3:00 PM ET. Speakers from the XBRL US Data Quality Committee will review rules created to catch errors and inconsistencies in SEC filings before they are submitted to regulators. The rules applicable to SEC filers using either the IFRS Taxonomy […]
