Our EDGAR© XBRL content hub is your go-to resource for SEC© updates, industry news, and taxonomy guidelines for the XBRL filer
Press Release XBRL US, the non-profit consortium dedicated to improving business reporting, announced the formation of the XBRL CET (Construction, Energy, Transportation) Working group. The mission of the working group is to implement the XBRL data standard to reduce costs…
Publisher: Investment News Author: Joyce Hanson The SEC© reported that new investigative methods and innovative technologies have led to a banner year for enforcement actions, leading to a record number of actions taken and fines levied for 2014. The SEC©…
The SEC’s Division of Economic and Risk Analysis completed their assessment of the quality of XBRL exhibits submitted by issuers complying with the XBRL Rule requirement. The goal of the assessment was to help define a baseline of filer behavior…
The SEC© has been silent for years when it came to the quality of XBRL data. Earlier this month, long overdue guidance began with a sample letter being sent to certain Issuers. The Division of Corporation Finance sent the following…
Publisher: FEI Daily Author: Edith Orenstein The U.S. Securities and Exchange Commission recently issued a ‘Dear CFO’ Letter earlier this month, addressed to “certain public companies regarding their reports on Form 10-Q and the XBRL requirement to include calculation relationships.”…
Congressman Hurt’s proposed “Small Company Disclosure Simplification Act” is moving through the House of Representatives today and should be submitted for markup tomorrow as the proposed bill begins to gain some traction. The purpose of the bill is to “exempt…
The FASB (Financial Accounting Standards Board) announced the availability of the 2014 U.S. GAAP Financial Reporting Taxonomy pending final acceptance by the U.S. SEC. The FASB is responsible for the ongoing development and maintenance of the taxonomy applicable to public…
The Economist In the wake of the most recent financial meltdown, calls to reform accounting have grown particularly loud in both America and the European Union. Legislators are expected to introduce new rules with the intent to enhance auditors’ independence.…
Published in Compliance Week Author: Tammy Whitehouse The 2013 XBRL survey conducted by the Financial Executives Research Foundation showed that 58 percent of 402 companies that participated took no new action to change anything about their XBRL process even as…
Publisher: Compliance Week Author: Tammy Whitehouse In Congress, a House subcommittee that was considering an XBRL exemption for smaller reporting companies has decided to put the discussion on hold while they try and broker a deal to make XBRL less…