The Financial Accounting Standards Board (FASB) has released proposed technical and conforming improvements for the 2024 GAAP Taxonomy.
What’s in a name? The US Securities and Exchange Commission (SEC) is adopting amendments, including introducing Inline XBRL tagging, to the Fund Names Rule (rule 35d-1). The aim is to reduce the risk of investment companies misleading investors with misnomers not aligned with the actual investments held.
Developers working on software for validating Interactive Data before EDGAR submissions now have a powerful tool at their disposal: the Interactive Data Public Test Suite (Version 67-230918).
The US Financial Accounting Standards Board (FASB) staff is seeking public input on proposed improvements to the 2024 SEC Reporting Taxonomy (SRT). These enhancements cover new elements, like disclosures about share repurchase programs and insurance, and updates to references across various topics.
Marc Joffe, Senior Policy Analyst at The Cato Institute, highlighted the role of state-level reporting systems in shaping the implementation of the Financial Data Transparency Act (FDTA). Joffe’s insights shed light on how states could provide a model for FDTA execution.
In 2022, the Municipal Securities Rulemaking Board (MSRB) launched EMMALabs, an innovation sandbox within the Electronic Municipal Markets Access (EMMA). The new platform is designed to accelerate and advance data analytics in municipal securities markets. EMMALabs has recently introduced a prototype dedicated to structured data, providing essential insights into its significance.
US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda recently addressed the 2023 NASAA Fall Annual Meeting, emphasising the role of innovation and technology in modernising investor protection.
In an ongoing effort to enhance the quality and utility of corporate financial data filed with the SEC, the Division of Corporation Finance has issued a sample letter addressing companies’ XBRL and Inline XBRL disclosures. This letter aims to provide constructive feedback and guidance to improve the clarity and accuracy of financial reporting.
The Federal Accounting Standards Advisory Board (FASAB ) has proposed new standards for Management’s Discussion and Analysis (MD&A) in federal financial reports.
The US Securities and Exchange Commission (SEC) has published its final rule on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by public companies.