A new pilot programme in Flint, Michigan will explore how the use of XBRL can improve transparency in fiscal reporting and lead to better governance, potentially averting crises in municipal finance.
The US Securities and Exchange Commission (SEC) has been consulting on its EDGAR Next modernisation programme. This relates to its Electronic Data Gathering, Analysis, and Retrieval system (EDGAR), proposing technical changes to how companies manage access and submit reports in order to make these processes more secure.
This year’s XBRL US Investor Forum has been and gone – and if you missed it live you can now catch up via video, even if not registered for the event.
The XBRL US Data Quality Committee (DQC) has published its 17th Ruleset. It provides eight new data-quality rules, including three that are specific to US GAAP filers, two for IFRS filers, and three which apply to both.
XBRL US has written in response to the US Environmental Protection Agency (EPA) Strategic Plan 2022-2026, focussing on how structured, digital data could contribute to the EPA’s key principle of transparency.
There’s more recommended reading from our colleagues at XBRL US this week, exploring the properties and benefits of successful data standards for regulators.
“The bottom line is that XBRL makes data more useful,” says SEC Commissioner Caroline Crenshaw
On 10 November, XBRL US held its online Investor Forum 2021: Data that Delivers, held in partnership with Baruch College’s Zicklin School of Business, CFA Institute and CFA Society New York.
The XBRL US Data Quality Committee (DQC) recently approved nine new validation rules, following public review and comment. This latest instalment of the Committee’s valuable ongoing work takes the total number of freely available DQC-approved rules to 83, applying to many hundreds of reporting concepts.
Can digitisation significantly improve the processes of preparing, collecting, tracking and analysing data on government grants and how they are used?
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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.
