Special Purpose Acquisition Companies, or SPACs, are generating a surge of restatements correcting past financial reports, following last month’s accounting clarification from the US Securities and Exchange Commission (SEC).
The US Securities and Exchange Commission has published a proposed collection and comment request on the existing collection of information from Nationally Recognized Statistical Rating Organizations, or NRSROs.
In remarks to the Institute of International Finance on 21 April, US Secretary of the Treasury Janet Yellen laid out the Treasury’s ‘whole-of-government’ approach to climate change, and emphasised the importance of disclosure.
The US Securities and Exchange Commission (SEC) has recently focused its attention on Special Purpose Acquisition Companies, or SPACs. SPACs are cash-only investment vehicles that are formed and listed with a view to taking private companies public.
On 17 April 2021, Gary Gensler was sworn into office as a Member of the US Securities and Exchange Commission (SEC), which he joins as Chair. He was nominated for the post by President Joe Biden early in the year, and confirmed by the US Senate on 14 April.
The XBRL US Data Quality Committee has published its 15th Ruleset for a 45-day public review and comment period, which closes on 2 June 2021. The draft ruleset includes eight new rules specific to US GAAP filers, and one for IFRS filers.
An article published in Forbes on 15 April, titled ‘The SEC’s Technology Modernization Is Accelerating – Are You Ready?’ calls out XBRL as one of the most important aspects of modernisation efforts at the US Securities and Exchange Commission (SEC).
The US Financial Accounting Standards Board (FASB) has produced a new fact sheet in its ‘FASB in Focus’ series, titled ‘XBRL: What is it? Why the FASB? Who uses it?.’ It’s a great introduction to XBRL and digital reporting, particularly from the US perspective.
Do you use artificial intelligence (AI) to analyse data? Are robots your new best friends, or do you have concerns about the risks and challenges? If you’re in the US, the government wants to hear from you.
Following its adoption of this year’s updated taxonomies from the US Financial Accounting Standards Board (FASB), the Securities and Exchange Commission (SEC) has updated EDGAR, its Electronic Data Gathering, Analysis, and Retrieval system.
Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.
By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy
XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
