On July 11th, XBRL US hosted a webinar reminding reporting entities of impending compliance dates for new SEC requirements related to the Filing Fee Disclosures and Payments Method Modernization rule. A recording of this webinar is now available for interested parties to view. Continue reading "XBRL US Webinar on Preparing for Fee-Based..." »

On July 16th, the SEC announced the release of an updated EDGAR XBRL Guide, which is available on the XBRL Technical Specifications webpage at sec.gov. The technical specifications on the SEC’s website outline the valid framework and content for EDGAR submission types submitted in both XBRL (eXtensible Business Reporting Language) and XML (eXtensible Markup Language). While following the updated guide, filers are advised also to comply with the existing requirements of the EDGAR Filer Manual. Continue reading "SEC Announces Revised EDGAR eXtensible Business..." »

On July 1, 2024, the EDGAR system was upgraded to Release 24.2, which now accepts the Security-Based Swap (SBS) taxonomy and supports the 2024 version of the International Financial Reporting Standards (IFRS) taxonomy. Continue reading "SEC Issues EDGAR 24.2 Release XBRL Taxonomies..." »

On June 28th, the SEC’s Division of Economic and Risk Analysis (DERA) released a report analyzing the way filers use custom tags in their eXtensible Business Reporting Language (XBRL) submissions from 2021 to 2023. The average custom tag rate for filings in 2023 decreased compared to 2022 for Forms 10-K and 10-K/A across all filer status except the accelerated filer category. Continue reading "SEC Publishes Trend Analysis of Custom Tag..." »

Recently the SEC has adopted rules under which registrants are required periodically to disclose material cybersecurity instances they experience. Registrants also must disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance. Since these disclosures are required to be in a structured data format, the SEC has released a draft XBRL taxonomy for these mandated cybersecurity disclosures. Continue reading "SEC Issues Draft 2024 Cybersecurity Disclosure..." »

XBRL US will host a webinar to discuss the new mandates set by regulators worldwide for climate reporting structures, which require digital, machine-readable, structured data format reporting of climate-related disclosures. These structures will affect public and private companies all over the globe with compliance dates as soon as 2026. The 90-minute webinar will take place on Tuesday, July 16, 2024 beginning at 1:00 p.m. EDT and is free for the public to attend. {expires: 2024-07-17} Continue reading "XBRL US to Host Webinar on Preparing for..." »

XBRL US reminds reporting entities that compliance dates begin soon for new SEC requirements related to the Filing Fee Disclosures and Payments Method Modernization rule. To gear up for these upcoming changes, the agency will hold a 60-minute conference that will take place on Thursday, July 11, 2024, beginning at 2:00 p.m. EDT. The event is free for the public to attend, but registration is required.{expires: 2024-07-12} Continue reading "XBRL US to Host Webinar to Promote Readiness..." »

XBRL US, in conjunction with the FERC, will host a webinar to discuss how regulators use technology to improve efficacy. At an ever-increasing rate, regulators worldwide are adopting data standards in order to enhance internal efficiency, increase flexibility, and reduce reporting burden. In the United States, the SEC, the Federal Deposit Insurance Corporation (FDIC), and, since 2021, the FERC have set data standards that have increased the agencies’ internal analyst productivity. The webinar will take place on Wednesday, September 11, 2024, from 3:00 p.m. to 4:00 p.m. ET. {expires: 2024-09-12} Continue reading "FERC, XBRL US to Discuss How Regulators Use..." »

XBRL US’ Data Quality Committee (DQC) will host an online meeting for industry leaders to discuss plans to implement rules and guidance for public companies complying with the SEC’s XBRL requirements. The one hour webinar will take place on Thursday, June 27th 2024 and will begin at 12:00 p.m. ET. {expires: 2024-06-28}
Continue reading "XBRL US Staff to Host Data Quality Committee..." »

The SEC has announced that it has released its draft of the EDGAR® Filer Manual, Volume II: “EDGAR Filing” (Version 70 ) to help issuers prepare for potential updates to the EDGAR system detailed in the draft and scheduled to be introduced in EDGAR Release 24.2 on July 1, 2024. Continue reading "SEC Releases Current Draft EDGAR Filer Manual" »

Join us at GovFin 2024! XBRL US, in conjunction with PricewaterhouseCoopers, will host this conference to discuss how the Financial Data Transparency Act (FDTA) can improve municipal bond issuer reporting and other disclosures with data submissions in structured, machine-readable format. The event, which takes place July 29th and 30th in New York City, will feature presentations that address how the FDTA will impact governments, municipal analysts and portfolio managers, data and analytics tool providers, and regulators. Novaworks is a sponsor of this event, and our staff will be on hand to answer questions and provide information. Continue reading "Register Now for GovFin 2024" »

On Thursday, May 30th, the SEC reminded issuers that, under US Generally Accepted Accounting Principles (GAAP), certain entities must provide basic and diluted earnings per share (EPS) with equal prominence on the face of the income statement for each period presented in their annual and interim reports. For filings in which basic and diluted EPS have the same value and are presented only once on the face of the income statement, an entity should tag that amount twice using both tags. Continue reading "SEC Provides Guidance Related to Incorrect..." »

The SEC issued a draft version of the security-based swap (SBS) XBRL taxonomy in March 2024 that will be used by security-based swap execution facilities (SBSEFs) to file specified information electronically with the SEC using the EDGAR system in Inline XBRL. The agency has now released to the public sample documents to aid preparers in implementing the taxonomy. Continue reading "SEC Releases Draft 2024 Security-Based Swap..." »

XBRL US will host a virtual conference to discuss the SEC’s final rule for Tailored Shareholder Reports for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements. The rule introduces new requirements for annual and semi-annual shareholder reports provided by mutual funds and exchange-traded funds to highlight key information for shareholders. Under the rule, funds are required to tag their reports to shareholders using Inline XBRL, which yields machine-readable data that retail investors and other market participants may use to access and evaluate investments more efficiently. {expires: 2024-05-16} Continue reading "XBRL US Announces Webinar: SEC Rule – Tailored..." »