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Items tagged with "US"

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Unlocking clarity: SEC’s sample letter to enhance XBRL disclosures

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.

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Revamping MD&A Reporting: FASAB Proposes Streamlined Standards for Federal Financial Reports

The Federal Accounting Standards Advisory Board (FASAB ) has proposed new standards for Management’s Discussion and Analysis (MD&A) in federal financial reports.

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SEC final rule introduces digital cybersecurity reporting

The US Securities and Exchange Commission (SEC) has published its final rule on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by public companies.

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XBRL US comments on SEC taxonomy development – and a range of proposals

The XBRL US Regulatory Modernization Working Group (RMWG) has submitted a letter to the Securities and Exchange Commission (SEC) with observations and recommendations on the Commission’s taxonomy development process.

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FASB proposes GAAP Taxonomy update

The US Financial Accounting Standards Board (FASB) has issued proposed improvements to the GAAP Taxonomy.

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SEC report highlights benefits of machine-readable data for corporate disclosures

The Securities and Exchange Commission (SEC) has published its Semi-Annual Report to Congress on the use of machine-readable data for corporate disclosures, as mandated by the Financial Data Transparency Act (FDTA).

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EDGAR system offers support for new taxonomies

Last week the US Securities and Exchange Commission (SEC) upgraded its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system to Release 23.2.

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SEC introduces BETA testing for modernised filing fee rule

Aiming to improve the process for filing fee disclosure and payment methods, last year the Securities and Exchange Commission (SEC) adopted the Filing Fee Disclosure and Payment Methods Modernization amendments.

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FHFA urged to explore XBRL for improved data collection efficiency

The US Federal Housing Finance Agency (FHFA) has been encouraged to embrace the use of XBRL and the LEI (Legal Entity Identifier) to facilitate the transition mandated by the FDTA (Financial Data Transparency Act) legislation.

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XBRL US comments on draft OEF Taxonomy and Guide

XBRL US recently submitted feedback on the US Securities and Exchange Commission’s (SEC) proposed draft Open-End Fund Taxonomy (OEF), published in May.

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