Tuesday, December 13. 2022
SEC Releases Interactive Data Test Suite Update
On December 8th, the SEC announced that its Interactive Data Test Suite has been updated. The test suite provides help to filers using software to validate Interactive Data, ensuring the timely identification and resolution of potential errors before submission to EDGAR. To view a summary of the twelve revisions made in this update, see the change log in the last section of the summary file.
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Monday, June 13. 2022
SEC Announces Approved Updates to Electronic Filing Requirements Amendments
The SEC has adopted rules and form amendments to require the electronic filing or submission of certain documents that currently are permitted to be filed or submitted in paper as well as the use of Inline XBRL for the filing of the financial statements and associated schedules to the financial statements required by Form 11-K.
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Wednesday, May 25. 2022
XBRL US to Host Second Webinar in Series: Mastering New SEC XBRL Requirements for Investment Management Filers
XBRL US has announced that it will host the second of two virtual seminars to familiarize investment management filers with the new SEC XBRL requirements under the SEC’s final rule, Securities Offering Reform for Closed-End Investment Companies, which will be effective August 1, 2022. The event will take place on Tuesday, June 7, 2022, from 3:00 p.m. to 4:00 p.m. ET. {expires: 2022-06-08}
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Friday, April 22. 2022
XBRLworks Scheduled Maintenance
XBRLworks will be unavailable during scheduled maintenance today, April 22nd, from 5:00 p.m. to 7:00 p.m. ET. During this time, the application will be updated to version 1.1c. {expires: 2022-04-22}
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Friday, April 08. 2022
XBRLworks Scheduled Maintenance
XBRLworks will be unavailable during scheduled maintenance today, April 8th, from 4:00 p.m. to 6:00 p.m. ET. During this time, the application will be updated to version 1.1b. {expires: 2022-04-09}
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Friday, March 25. 2022
XBRLworks Scheduled Maintenance
XBRLworks will be unavailable during scheduled maintenance tomorrow, March 26th, from 12:00 p.m. to 4:00 p.m. ET. During this time, the application will be updated to version 1.1a. {expires: 2022-03-27}
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Thursday, March 24. 2022
SEC Proposes Rule Amendments to Improve Climate-Related Disclosure Standards to Benefit Investors
On March 21st, the SEC announced that it is proposing amendments to its rules under the Securities Act and Securities Exchange Act that would make it mandatory for domestic and foreign registrants to include specific climate-related data in their annual reports and registration statements. This data would need to be disclosed in a structured data format. The proposal is open for public comment.
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Wednesday, March 23. 2022
FASB to Host Webinar: 2022 GAAP and SEC Reporting Taxonomy Improvements and SEC Update
The Financial Accounting Standards Board (FASB) has announced that it will host a webcast designed to provide participants with greater knowledge of how enhancements in the 2022 GAAP Financial Reporting Taxonomy (including those related to recently implemented FASB Accounting Standards Updates) will affect registrant XBRL filings. The event will take place on Tuesday, April 5, 2022 from 1:00 p.m. to 2:30 p.m. ET and will be presented live via webcast on fasb.org. {expires: 2022-04-06}
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Posted by LeAnn Dey
in Accounting, Events, FASB News, Filing Technology, US GAAP Taxonomy, XBRL
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Wednesday, March 16. 2022
SEC Extends Interactive Data Rule, Seeks Comment
On March 3rd, the SEC announced that it is requesting feedback on interactive data collection. Issuers filing registration statements under the Securities Act of 1933 and reports under the Securities Exchange Act of 1934 are required to submit specified financial information to the SEC and post it on their corporate websites in an interactive data format using XBRL. The interactive data requirement is designed to simplify investors’ ability to evaluate financial information and to help issuers automate regulatory filings and business information processing. The SEC is seeking feedback on the burden of these requirements, as well as the quality of the interactive data itself.
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Thursday, March 03. 2022
XBRL US to Host Webinar with SEC to Discuss Fee-Based Filing & Payment Methods Modernization
XBRL US’ Data Quality Committee (DQC) will host a virtual Q&A-style discussion with the SEC on Filing Fee Disclosures and Payment Methods Modernization, the final rule which comprises new requirements that will impact many reporting entities and SEC submissions. Speakers from the SEC’s Office of Financial Management and its Division of Corporate Finance will cover topics related to disclosure, technical and general issues pertaining to the rule. The webinar will take place on Tuesday, March 22, from 3:00 p.m. to 4:00 p.m. ET and will be moderated by Scott Theis, chairman of the XBRL US Domain Steering Committee and Novaworks President. {expires: 2022-03-23}
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Thursday, February 24. 2022
Quickly and Easily Migrate Your Process for 24F to XML
The latest version of GoFiler (5.12b) now includes a Form 24F-2NT legacy import. This function allows old annual report information documents to be easily added to a new 24F-2NT XML form and has been developed to supplement the existing CSV import.
Continue reading "Quickly and Easily Migrate Your Process for 24F..." »Monday, February 21. 2022
SEC Announces Temporary Pause to EDGAR Beta Access for EDGAR Next Beginning March 1
The EDGAR Business Office (EBO) has announced that on March 1, 2022, it will temporarily suspend the use of the EDGAR beta environment (EDGAR Beta) for testing of EDGAR Next code and to deploy code for other testing purposes. At a future date, the EBO will announce the re-deployment of EDGAR Next code in EDGAR Beta to allow filers to test possible future EDGAR Next technical changes.
Continue reading " SEC Announces Temporary Pause to EDGAR Beta..." »Friday, February 11. 2022
SEC Advises on Filing Agent/Filer Software Adjustment for Upcoming EDGAR Change
The SEC has announced that on or about April 4th, it will introduce a change to the EDGAR filing websites (EDGAR Link Online and Online Forms) that will affect the way certain third-party software may communicate with these websites. EDGAR will develop a unique parameter that some third-party software products may need to include in each request that enters/updates data. EDGAR will both verify the existence and validity of the parameter in filers’ requests and end user sessions if the value of the parameter is missing or mismatched.
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Monday, January 24. 2022
SEC Issues Guidance for Filers Using Incorrect Context Dates for Reported Facts
On January 14th, staff in the SEC’s Division of Economic and Risk Analysis noted that some filers were using incorrect context dates when tagging fact values in Forms 10-K and 10-Q.
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Tuesday, January 18. 2022
XBRL US to Hold Webinar: Supporting ESG Data with Standards
XBRL US has announced that it will host a webinar to discuss the demand for corporate Environmental Social Governance (ESG) data and what investors expect from public companies reporting about their environmental impact. The SEC is taking action on how companies report information about ESG and climate change, and this webinar will take place ahead of an expected rule proposal on these matters. The one-hour event will take place on Wednesday, January 19, 2022, and will begin at 3:00 p.m. EST. {expires: 2022-01-20}
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