The FERC’s Division of Dam Safety and Inspections will hold a remote seminar featuring its recently developed Emergency Action Plans (EAP) Exercise Design Course to discuss both the FERC requirements that there be a comprehensive EAP exercise as well as the steps required to develop, conduct, evaluate, and follow-up on an effective exercise. The sessions will be led by presenters Dustin Kaste and Carrie Harris and will take place Wednesday, June 2, 2021 and Thursday, June 3, 2021. Each day’s events will begin at 11:00 a.m. (EDT) and last for approximately five hours. The sessions are free to attend. {expires: 2021-06-05} Continue reading "FERC to Host Virtual 2021 EAP Exercise Design..." »

The staff of the SEC’s Division of Economic and Risk Analysis (DERA) has discovered that certain filers who report under US Generally Accepted Accounting Principles are using elements for the Statement of Cash Flows that are intended explicitly for continuing operations. These filers do not actually report continuing and discontinued operations separately and should be using general elements to tag each respective subtotal for operating, investing, and financing activities. Continue reading "DERA Brings Attention to Incorrect Use of..." »

The FERC staff will host a webinar to discuss matters relative to the potential risk to electric system reliability posed by climate change and extreme weather events. The event will take place on Tuesday, June 1, 2021, and Wednesday, June 2, 2021, from 1:00 p.m. – 5:00 p.m. ET. FERC Commissioners may attend and participate in the technical conference. Continue reading "FERC to Host Conference to Discuss Climate..." »

The SEC’s Division of Corporation Finance recently provided guidance that reflects its views concerning the filing of Form C to the SEC with respect to the effectiveness of certain rule changes as introduced in Release No. 33-10884. This guidance on EDGAR filing of Form C: 1) is not a rule, regulation or statement of the SEC; 2) has neither agency approval nor disapproval; 3) has no legal force or effect; 4) does not alter or amend applicable law; and 5) creates no new or additional obligations for any person. Continue reading "SEC Staff Issues Guidance on EDGAR Filing of..." »

The SEC’s New York Regional Office and the Retail Strategy Task Force, in conjunction with the Fordham University Gabelli School of Business, will hold a webinar on Tuesday, June 8, 2021, from 5:00 p.m. – 6:00 p.m. EDT focusing on timely and relevant topics for modern investors. With the ease of online access, trading and investing tools, and zero commission trading, there has been a rise in new investors trading on the securities markets over the past year. Interested parties will learn pertinent information that new investors should consider when trading or investing. {expires: 2021-06-09} Continue reading "SEC Regional Office, Retail Strategy Task Force..." »

The Financial Accounting Standards Board (FASB) has recently issued proposed updates to the US GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy related to the proposed Accounting Standards Update (ASU) on Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Method. The proposed revisions to the taxonomies will include: 1) new elements, 2) newly added references to transition elements, 3) modified documentation and standard labels, 4) element deprecations, and 5) reference deletions. {expires: 2021-07-06}
Continue reading "FASB Proposes Revisions for Future Taxonomies..." »

The SEC has released EDGAR 21.1.3.u1, which contains changes related to Form MA. Because these changes are limited in their scope, they are being addressed in a software update to the GoFiler software suite that is outside the normal release cycle. In order to obtain this patch, you will need to use the Updater.exe file within the application installation directory. Users who are filing Form MA before the regular software update are encouraged to download and install the patch. Continue reading "Recommended Software Update for Form MA Filers" »

The FERC recently announced revisions made to its June 2020 Order No. 871. This rule protects landowner rights by prohibiting construction of approved natural gas projects while the FERC considers requests for rehearing. Continue reading "FERC Provides Clarity for Landowners and..." »

The SEC has announced that on May 19, 2021 it will release EDGAR 21.1.3.u1.
Continue reading "SEC to Release EDGAR 21.1.3.u1" »

A patch has been released to correct some issues with the version 5.8a of the GoFiler products. This release will correct a problem where a dialog box would remain open after validating a project that contained an iXBRL document. It also improves the handling of mixed data types when changing between the US GAAP 2020 and US GAAP 2021 taxonomies.

Continue reading "Recommended Software Update for iXBRL and XDX..." »

On May 7, 2021, the SEC announced that it has approved the registration of its initial security-based swap data repository (SDR). With recent registration of DTCC Data Repository (US), LLC (DDR), the security-based swap market now has the first SDR (pursuant to Section 13(n)(1) of the Securities Exchange Act of 1934) capable of accepting transaction reports. DDR will operate as a registered SDR for security-based swap transactions in the interest rate, equity, and credit derivatives asset classes. Continue reading "SEC Approves Registration of First..." »

Version 5.8a of all applications in the GoFiler Suite has been released. This release corresponds to EDGAR 21.1.3 and contains improvements and corrections for Page View, XDX, iXBRL and XBRL View. Additionally, changes were made to correct issues with Forms ATS-N, N-PORT, N-CEN, and C.

Continue reading "New Release (5.8a) for the GoFiler Family of..." »

On May 5, 2021, the SEC announced that its Office of the Advocate for Small Business Capital Formation will host the 40th Annual Government-Business Forum on Small Business Capital Formation. The forum will feature inclusive conversations on capital formation from startup to small cap. The remote forum will take place from May 24-27, 2021, with each day’s session beginning at 1:00 p.m. EDT and lasting 90 minutes. The virtual event will highlight how entrepreneurs play a vital role in the capital market’s ecosystem by providing jobs, fostering innovation, and supporting communities. The discussions will feature a diverse group of panelists comprised of entrepreneurs, businesses, and their investors, all with in-depth knowledge of the issues facing small businesses across the country. {expires: 2021-05-28} Continue reading "SEC Announces Virtual 2021 Small Business Forum" »

The SEC has announced that its Philadelphia Regional Office, in cooperation with the United States Attorney’s Office for the Western District of Pennsylvania, the FBI, and the Allegheny County Area Agency on Aging, will hold an online outreach event especially for American seniors. Representatives from each agency will discuss the importance of older adults being informed consumers with an emphasis on how seniors can protect themselves from becoming victims of financial fraud. {expires: 2021-05-13} Continue reading "SEC Collaborates with Agencies to Host Virtual..." »

The SEC has announced that it will release EDGAR 21.1.3 on May 10, 2021. Continue reading "SEC Announces Changes Related to EDGAR Release..." »