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Items tagged with "US"

XBRL US comments on SEC Resource Extraction Payments proposal

XBRL US has submitted a comment letter expressing support for the SEC proposal Disclosure of Payments by Resource Extraction Issuers, File Number S7-29-14. The proposal would require machine-readable XBRL for the disclosure of payments by resource extraction firms. It is designed to provide more information to global commodity markets, and to hold governments accountable for the […]

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SEC announces EDGAR Update for 2020 Taxonomies

The US Securities and Exchange Commission have announced that on March 9 the EDGAR system will be updated to handle the following taxonomies: US GAAP 2020 Taxonomy; SEC Reporting 2020 Taxonomy; COUNTRY 2020 Taxonomy; CURRENCY 2020 Taxonomy; EXCH 2020 Taxonomy; and SIC 2020 Taxonomy. Additionally, the SEC will remove the 2012 and 2013 INVEST Taxonomies […]

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Reason Foundation advocates for Open Data

Municipal governments and US states are sitting on large amounts of potentially useful data – but with disparate software systems leading to proliferating databases and a lack of machine-readable data, it’s currently difficult to analyse. The Reason Foundation is advocating for local governments to make the most of their extensive data sources by implementing Open, […]

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New Year, New Data Strategy

The US federal government has begun the new decade with a focus on data; issuing a set of 20 actions agencies will be required to take in 2020 on how they collect, manage, share and use data. This plan is the first building block in a decade long Data Strategy that aims to transform how […]

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GREAT Act Passed by US Congress

On Monday the US Congress passed the GREAT or “Grant Reporting Efficiency and Agreements Transparency” Act, previously agreed by the Senate.

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US Federal Regulators Accept Alternative Data

Five US Federal financial regulatory agencies have issued a joint statement outlining their thoughts on the use of alternative data in underwriting and credit analysis by banks, credit unions and financial firms. The statement, issued by the Federal Reserve Board (Federal Reserve), the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the […]

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Dimensions Highlights SEC Use of Big Data

Toppan Merrill’s November and December issue of Dimensions includes an explanation from the SEC’s Division of Economic Risk and Analysis (DERA) chief economist S.P. Kothari of the SEC’s current and expanding use of big data. As we highlighted back in August, XBRL helps turn big data into useful information. Making data machine-readable, or, in Kothari’s words, “dramatically […]

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XBRL US Investor Forum Talks Available

Recordings of the XBRL US Investor Forum on Driving Actionable Analytics are now available online. The forum, held earlier this month in New York, provided practical information on how data standards are disrupting the information ecosystem, how modern data can be leveraged, and what comes next. Beginning with a keynote speech from FASB Chairman Russell […]

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DQC Publish 11th Ruleset

This week the Data Quality Committee (DQC) published its 11th Ruleset for a 45-day public exposure period, set to end January 3, 2020.

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XBRL US Comments on Modernisation of S-K

XBRL US has submitted a comment letter strongly recommending that the SEC adopts financial data standards for information affected by the Modernization of Regulation S-K proposals. As previously reported, the SEC recently submitted a proposal to amend regulation S-K, including various changes to disclosure requirements designed to improve the readability of disclosures, discourage repetition and discourage […]

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