The SEC has announced that Variable Insurance Product (VIP) Data Sets are now available for registrants to download as of March 11, 2025. The VIP Data Sets provide the text and numeric information drawn from Forms N-3, N-4, and N-6 (the registration forms for variable annuity contracts and contracts offering Index-Linked Options and/or Fixed Options subject to a contract adjustment) filed with the SEC in eXtensible Business Reporting Language (XBRL). Continue reading "Variable Insurance Product Data Sets Now..." »

The Financial Accounting Standards Board (FASB) will host a webinar to discuss 2025 GAAP and SEC reporting taxonomy improvements and an SEC data quality update. The event will take place on Tuesday, April 8, 2025, beginning at 1:00 p.m. (ET). {expires: 2025-04-09} Continue reading "FASB to Discuss 2025 GAAP and SEC Reporting..." »

The SEC has released its draft of the EDGAR® Filer Manual, Volume II: “EDGAR Filing” (Version 73) to prepare issuers for potential updates to the EDGAR system scheduled to be introduced in EDGAR Release 25.1 on March 17, 2025. The SEC also issues this draft of the EDGAR Filer Manual seeking feedback from the filing community. Continue reading "SEC Publishes Current Draft for EDGAR Filer Manual" »

XBRL US will host a webinar to prepare filers to use the SEC’s new EDGAR Filer Management dashboard that will go live on March 24, 2025. The session will feature an overview of important deadlines, a “prep for enrollment” checklist, and technical demonstrations of both the bulk and manual enrollment process. The event will take place on Wednesday, March 5, 2025 at 1:00 p.m. (ET). {expires: 2025-03-06} Continue reading "XBRL US to Host Webinar to Promote Readiness..." »

On February 3rd, the EDGAR system was upgraded with interim release 25.0.1, and it now supports the 2024q3 version of the Fund (FND) taxonomy. The 2024q3 version of the FND taxonomy will now include the requisite update for compatibility with the 2024q3 version of the Open-End Fund (OEF) taxonomy enabling filers to use both taxonomies in one filing, and provide the elements for tagging disclosures related to the SEC’s rulemaking regarding enhanced prospectus disclosure requirements for terminology used in fund names. Continue reading "SEC Announces Interim Release 25.0.1 for EDGAR..." »

On January 27th, the Financial Accounting Standards Board (FASB) issued two proposed Taxonomy Implementation Guides based on the 2025 GAAP Financial Reporting Taxonomy, which was made available in December 2024 pending SEC approval. These guides focus on the accounting changes and segment reporting following the adoption of Accounting Standards Update 2023-07 (ASU). Continue reading "FASB Publishes Proposed Taxonomy Implementation..." »

On January 22nd, the Financial Accounting Standards Board (FASB) released for public review and comment a proposed Accounting Standards Update (ASU), focused on improvements to the FASB Accounting Standards Codification. The proposed ASU is issued as part of the FASB’s technical agenda project to make gradual enhancements to the GAAP taxonomy. Continue reading "FASB Releases Proposed ASU on Codification..." »

The Financial Accounting Standards Board (FASB) has released for public review and comment proposed GAAP Taxonomy Improvements for the proposed Accounting Standards Update (ASU) on Topic 818, Environmental Credits and Environmental Credit Obligations, along with related release notes. Continue reading "FASB Staff Releases Proposed GAAP Taxonomy..." »

In December 2024, the SEC published its semi-annual report to Congress regarding public and internal use of machine-readable data for corporate disclosures, in compliance with the Financial Data Transparency Act of 2022 (FDTA) signed into law on December 23, 2022. The FDTA requires the SEC to submit this report to both the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives every 180 days through December 23, 2029, when the provision requiring the report concludes. Continue reading "SEC Staff Issues Semi-Annual Report to Congress..." »

The Financial Accounting Standards Board (FASB) has released for public review and comment proposed GAAP Taxonomy Improvements for the proposed Accounting Standards Update (ASU) on Topic 326, Measurement of Credit Losses for Accounts Receivable and Contract Assets for Private Companies and Certain Not-for-Profit Entities. Continue reading "FASB Issues Proposed GAAP Taxonomy Improvements..." »

The SEC has adopted amendments that would add to the revised filing and recordkeeping requirements the agency has been implementing for the past 20 years. The amendments require the electronic filing, submission, or posting of certain forms, filings, and other submissions that national securities exchanges, national securities associations, clearing agencies, broker-dealers, security-based swap dealers, and major security-based swap participants make with the SEC. Continue reading "SEC Updates the Submission of Certain Forms,..." »

On December 17th, the eForms system was updated with draft Version 2025-01-01 taxonomies, validation rules, and rendering files. The Taxonomy Package also has been made accessible in the eForms portal under Taxonomy History. Continue reading "FERC Announces Latest eForms Refresh" »

On December 16th, the SEC adopted amendments to Volume II of the EDGAR System Filer Manual and related rules and forms. EDGAR Release 24.4 was deployed in the EDGAR system on December 16, 2024. Continue reading "EDGAR Release 24.4 Includes Modified Variable..." »

The Financial Accounting Standards Board has released GAAP Taxonomy Improvements for two proposed Accounting Standards Updates, Interim Reporting (Topic 270): Narrow-Scope Improvements and Government Grants (Topic 832): Accounting for Government Grants by Business Entities. These proposed improvements are available for public review and comment. Continue reading "FASB Issues Proposed GAAP Taxonomy Improvements..." »

The SEC has released its draft of the EDGAR® Filer Manual, Volume II: “EDGAR Filing” (Version 72) to prepare issuers for potential updates to the EDGAR system scheduled to be introduced in EDGAR Release 24.4 on December 16, 2024. Continue reading "SEC Publishes Current Draft EDGAR Filer Manual" »