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Items tagged with "US"

Data-quality corner: highlights from SEC comment letters

Among the range of resources available to filers with the US Securities and Exchange Commission (SEC) EDGAR system, comment letters are sometimes overlooked. These are sent by the Division of Corporate Finance to public companies where it finds room for improvement in their disclosures.

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FERC’s Modernisation Plan: Shifting to xBRL-CSV for Electric Quarterly Reports

On 19 October the US Federal Energy Regulatory Commission (FERC) unveiled a Notice of Proposed Rulemaking aiming to revamp the Electric Quarterly Report (EQR) filing process and data collection.

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California enacts first mandatory climate disclosure law in the US

California’s Governor Gavin Newsom has signed two landmark climate-disclosure bills, SB 253 and SB 261, into law, effective on companies from 2026.

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Powering up: FERC’s overhaul of the uniform system of accounts

The US Federal Energy Regulatory Commission (FERC) has approved an update to the Uniform System of Accounts to better reflect the energy industry’s changing landscape.

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Proposed improvements to 2024 GAAP taxonomy: comments open

The Financial Accounting Standards Board (FASB) has released proposed technical and conforming improvements for the 2024 GAAP Taxonomy.

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SEC amends Fund Names Rule, including Inline XBRL tagging

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.

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Simplifying compliance: New XBRL Test Suite for EDGAR submissions

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).

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FASB proposes 2024 SEC reporting taxonomy enhancements

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.

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States show the way with insights into FDTA implementation

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.

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MSRB’s EMMA Labs’ structured data prototype offers assistance for FDTA compliance

 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.

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