On March 20, 2023, the SEC upgraded the EDGAR system to Release 23.1. The system now supports the 2023 reporting taxonomies. The SEC does not anticipate the removal of the 2021 versions of any taxonomies to occur before June 2023. For more information and a complete list of supported standard taxonomies, visit the Standard Taxonomies webpage on sec.gov. Continue reading "SEC Issues 2023 XBRL Taxonomies Update" »

The Financial Accounting Standards Board (FASB) will host a webinar to discuss improvements made to both the 2023 GAAP Financial Reporting Taxonomy for recently published FASB Accounting Standards Updates and the 2023 SEC Reporting Taxonomy (SRT). The improvements made were based on the 2023 Taxonomy Releases, which included compiled feedback and internal analysis. The 90-minute webinar will take place on Tuesday, April 11, 2023 and will begin at 1:00 p.m. ET. Continue reading "FASB to Host Webinar on 2023 GAAP/SRT and..." »

The SEC has announced that EDGAR 23.1 will occur on March 20, 2023.
Continue reading "EDGAR Release 23.1" »

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 Tuesday, March 21, 2023 and will begin at 12:00 p.m. ET. {expires: 2023-03-22} Continue reading "XBRL US Staff to Hold Data Quality Committee..." »

The SEC has announced that it has released its draft of the EDGAR® Filer Manual, Volume II: “EDGAR Filing” (Version 65). This draft Volume II of the EDGAR Filer Manual is accessible to filers in anticipation of feedback, and to help issuers prepare for potential modifications to the EDGAR system detailed in the draft and scheduled to be implemented in EDGAR Release 23.1 on March 20, 2023. Continue reading "SEC Releases New Draft EDGAR Filer Manual for..." »

On February 15th, the Financial Accounting Standards Board (FASB) published a proposed GAAP Taxonomy Reference Style Guide and updated the GAAP Frequently Asked Questions (FAQ) section to include new guidance on tagging. Continue reading "FASB Proposes GAAP Taxonomy Reference Style..." »

Novaworks will host a virtual seminar to help filers adjust to the changes associated with the SEC’s adoption of final rules regarding Pay Versus Performance, the Executive Compensation Disclosure, and the disclosure of the recovery of erroneously awarded compensation (clawbacks). This webinar is specifically designed for filers who would like to have certainty and ease of mind when complying with the SEC’s XBRL submission requirements. The free event will be held Wednesday, February 22, 2023, at 2:00 p.m. ET. {expires: 2023-02-23} Continue reading "Novaworks to Host Free Webinar on Pay Versus..." »

XBRL US staff is holding a webinar to help government agencies comply with the Financial Data Transparency Act (FDTA) requirement that financials be prepared in machine-readable format. The session is designed to clarify for government issuers the purpose for the legislation and its effect on government entities. The one-hour webinar will take place on Tuesday, January 24, 2023, and will begin at 3:00 p.m. ET. The event is free and open to the public, but registration is required. {expires: 2023-01-25} Continue reading "XBRL US to Host Webinar: Government Financial..." »

XBRL US will be hosting a webinar to help corporate issuers who are faced with many choices working with the XBRL US GAAP Taxonomy when submitting financials to the SEC. The one-hour webinar will take place on Tuesday, February 7, 2023, and will begin at 3:00 p.m. ET. The event is free and open to the public, but registration is required. {expires: 2023-02-08} Continue reading "XBRL US to Discuss Solutions to Common Issues..." »

XBRL US will host a webinar for international investors who have global portfolios and are seeking reliable, consistently reported data from companies concerning climate and other Environmental Social Governance (ESG) matters. The one-hour webinar will take place on Thursday, February 2, 2023, and will begin at 1:00 p.m. ET. The event is free and open to the public, but registration is required. {expires: 2023-02-04} Continue reading "XBRL US to Hold Webinar on Digitizing..." »

In October 2022, the Financial Accounting Standards Board (FASB) issued the Invitation to Comment, Proposed Meta Model Relationships. The initial comment period, which was set to end on January 10, 2023, has been extended to May 11, 2023. Continue reading "FASB Staff Extends Comment Period on Proposed..." »

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 Wednesday, January 25, 2023, and will begin at 12:00 p.m. ET. {expires: 2021-01-26} Continue reading "XBRL US to Hold Data Quality Committee Web..." »

On December 23rd, President Biden signed into law H.R. 7776, the “James M. Inhofe National Defense Authorization Act for Fiscal Year 2023,” which includes Title LVIII, the Financial Data Transparency Act (FDTA). Under the FDTA, the use of data standards is required by member agencies of the US Financial Stability Oversight Council, which includes the SEC, the US Treasury, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency, the Bureau of Consumer Financial Protection, and the Federal Reserve System. Continue reading "President Biden Approves the Financial Data..." »