Friday, November 18. 2022

GASB Proposes Guidance to Help Stakeholders Apply its Pronouncements

On November 15th, the Governmental Accounting Standards Board (GASB) released proposed implementation guidance that uses a questions and answers format to clarify and expound on certain GASB pronouncements. Continue reading "GASB Proposes Guidance to Help Stakeholders..." »
Posted by
LeAnn Dey
in GASB News, US GAAP Taxonomy at 08:25

Wednesday, November 16. 2022

FASB Issues Proposed Investment Companies Taxonomy Implementation Guide

On November 15th, the Financial Accounting Standards Board (FASB) released a proposed Taxonomy Implementation Guide. The Guide is premised on the proposed 2023 GAAP Financial Reporting Taxonomy, which is currently awaiting SEC acceptance and subject to change until the finalized version is published. The newly proposed Guide, Financial Services—Investment Companies (Including SEC S-X Schedules for Business Development Companies), is comprised of examples intended to help users of the taxonomy understand how the reporting framework for investment companies is structured within the taxonomy. Continue reading "FASB Issues Proposed Investment Companies..." »
Posted by
LeAnn Dey
in FASB News, US GAAP Taxonomy at 15:21

Thursday, November 10. 2022

XBRL US Announces Web Conference: Variable Annuity & Life Insurance Companies – Get the Skill Set for XBRL

XBRL US will host a virtual conference to discuss the new compliance requirements associated with the SEC’s recent final rule, Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts. These new requirements will go into effect early 2023. The webinar will take place November 15th. Continue reading "XBRL US Announces Web Conference: Variable..." »
Posted by
The Novaworks Team
in Events, XBRL at 20:51

Monday, November 07. 2022

SEC Releases 2023 Draft Taxonomies

On November 7th, the SEC released drafts of the 2023 updates to its reporting taxonomies, including updates as part of the annual review and update process for all SEC taxonomies accepted in the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. The Draft 2023 Release Notes contain more information concerning the specific changes in the 2023 update. The draft taxonomies are open to public review to gather feedback to continue to improve the process for creating and using structured filings. Continue reading "SEC Releases 2023 Draft Taxonomies" »
Posted by
The Novaworks Team
in EDGAR News, XBRL at 13:50

Thursday, November 03. 2022

SEC Releases New Draft ECD Taxonomy and Guide

The SEC recently adopted amendments that will require an exchange-listed issuer to adopt a compensation recovery policy required by Rule 10D-1 of the Securities Exchange Act. The issuer must also disclose information about the application of its Rule 10D-1 compensation recovery policy and any recovery pursuant to such policy. This disclosure must be submitted in Inline XBRL. Continue reading "SEC Releases New Draft ECD Taxonomy and Guide" »
Posted by
The Novaworks Team
in DERA, XBRL at 10:10

Tuesday, November 01. 2022

SEC Adopts Compensation Recovery Listing Standards and Disclosure Rules

The SEC has adopted rules to require securities exchanges to implement new compensation recovery listing standards. These standards will require issuers who list securities on these exchanges to develop and implement a policy providing for the recovery of erroneously awarded incentive-based compensation received by current or former executive officers. The policy would be filed as an exhibit to the listed issuer’s annual report. In addition. the listed issuer must include disclosures related to its recovery policy and provide recovery analysis when a recovery is triggered. Continue reading "SEC Adopts Compensation Recovery Listing..." »
Posted by
The Novaworks Team
in SEC, XBRL at 18:47
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