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Friday, April 28. 2017

LDC #32: XBRL Merger, Part 2

This week, we will be continuing to write our XBRL Merger script. The previous post covered how to prompt the user for a pair of files, checked to make sure those files were valid XFR files that we could actually access, and finally made sure that they weren’t the same files. This week we’re taking it a step further by opening the files (or switching to them if they are already open), exporting them to new directories, and comparing the contents of these directories. This script is intended to merge two very similar files, where the only difference is a couple of facts being tagged with a different unit, so the exported file sets need to very closely match.


Continue reading "LDC #32: XBRL Merger, Part 2" »
Posted by
Steven Horowitz
in Development at 17:02

Monday, April 24. 2017

Intrastate Offerings Rules Go Into Effect

Rules previously adopted by the Securities and Exchange Commission to facilitate intrastate and regional securities offerings went into effect on April 20th. Specifically, revised Rule 147 and new Rule 147A became effective on this date.

Continue reading "Intrastate Offerings Rules Go Into Effect" »
Posted by
The Novaworks Team
in SEC at 14:58

Friday, April 21. 2017

LDC #31: XBRL Merger, Part 1

Legato is great at supplementing features that GoFiler already has and hooking into existing functions and modifying how they work slightly. Probably its most powerful ability, however, is to add entirely new functionality to GoFiler. One feature GoFiler doesn’t have natively is the ability to have multiple currency types for a single fact in XBRL. Well, we can add support for that using Legato! The new functionality will be achieved by combining two different XFR files.


Continue reading "LDC #31: XBRL Merger, Part 1" »
Posted by
Steven Horowitz
in Development at 16:58

Thursday, April 20. 2017

A Guide to XBRL Taxonomy Migration

Every year, FASB releases a new version of the US GAAP XBRL taxonomy. Depending on the individual filer, adopting this new taxonomy can be easy or potentially require a fair amount of work. While FASB does have release notes for the taxonomy, there is little guidance on how to adopt the new changes. In this blog, we will be going over what can change in a taxonomy update, how to identify those changes, and how to determine what, if anything, needs to be done to your filing to incorporate the changes.

Continue reading "A Guide to XBRL Taxonomy Migration" »
Posted by
The Novaworks Team
in FASB News, SEC Filing Help, US GAAP Taxonomy, XBRL at 11:04

Monday, April 17. 2017

SEC Announces Dates for 2017 Compliance Outreach Seminars

The SEC has opened registration for its compliance outreach seminars for investment companies and investment advisers. Seminars are being held in four different cities around the country in May and June.

Continue reading "SEC Announces Dates for 2017 Compliance..." »
Posted by
The Novaworks Team
in Events, Investor Education, SEC at 09:21

Friday, April 14. 2017

LDC #30: Downloading and using CIK and Owners Library files from a website

Legato is capable of integrating into a huge variety of systems and interfaces. There are a variety of ways to do this, but one of the easiest to implement in Legato is through HTTP POST and GET functions. These functions send a message to a specified web page, which the web page can then handle in some way, and respond. In this week’s blog post, we are going to look at a way that we can hook Legato to download from a web site a CIK library and a Reporting Owners library. I’ve uploaded an example handler page, which can be found here:

Continue reading "LDC #30: Downloading and using CIK and Owners..." »
Posted by
Steven Horowitz
in Development at 11:50

Wednesday, April 12. 2017

SEC Adopts Technical Amendments Under Titles I and III of the JOBS Act

The SEC is adopting technical amendments to make several rules and forms conform to amendments made to the Securities Act and the Exchange Act by Title I of the Jumpstart Our Business Startups (JOBS) Act. These rules address regular updates to the JOBS Act, as prescribed by Congress, to continue to ensure investors and entrepeneurs benefit from crowdfunding and emerging growth opportunities.

Continue reading "SEC Adopts Technical Amendments Under Titles I..." »
Posted by
The Novaworks Team
in EDGAR News, SEC at 15:14

Friday, April 07. 2017

LDC #29: Collaboration Tools and Legato

GoFiler features a number of collaboration tools for use in streamlining a filer or agent’s workflow. These include notifications, control functions, and account control. One of the more commonly used and powerful of these features is task tracking. Task tracking allows you to assign particular tasks to individual users and monitor their progress on those tasks. It also allows users to view the status of the tasks assigned to them and to other people. This is extremely helpful when dividing a complex project amongst different workers.

Continue reading "LDC #29: Collaboration Tools and Legato" »
Posted by
Joshua Kwiatkowski
in Development at 13:24
(Page 1 of 1, totaling 8 entries)

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