On June 2nd, the SEC's Division of Economic and Risk Analysis (DERA) published an analysis of custom tags used in XBRL filings submitted by issuers to comply with the 2009 Interactive Data tagging rules that require financial statement information to be reported in XBRL, a structured, machine-readable format. DERA observed trends in filers' use of custom tags in their XBRL exhibits submitted in Forms 10-K and 10-K/A using US GAAP for fiscal years 2022 through 2024. The analysis of these forms indicates a decrease in average custom tag rate for filings across all filer status, while the large accelerated filer category rate remained flat during that period. Continue reading "SEC Publishes US GAAP–XBRL Custom Tags Trend..." »

The SEC's Investor Advisory Committee will hold an open meeting via live webcast on sec.gov that will take place on Thursday, June 5, 2025, from 10:00 a.m. to 4:45 p.m. ET. The meeting is free and open for the public to attend. The meeting will cover committee matters, including subcommittee reports and approval of previous meeting minutes. {expires: 2025-06-05} Continue reading " SEC Staff to Hold Investor Advisory Committee..." »

The XBRL US Center for Data Quality has published Version 27 of DQC rules and guidance for public review and comment. The release includes seven automated checks and rule updates for filers using the US GAAP and IFRS taxonomies from Tuesday, April 14, 2025, through Saturday, May 31, 2025. Continue reading "XBRL US Issues Version 27 of DQC Rules,..." »

On April 30th, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would provide accounting guidance for debt exchange transactions with multiple creditors. The proposed ASU is based on a recommendation of the Emerging Issues Task Force (EITF), which aids the FASB in improving financial reporting through the timely identification, discussion, and resolution of financial accounting issues within the framework of the FASB Accounting Standards Codification. Continue reading "FASB Issues Proposal to Enhance Accounting for..." »

XBRL US will hold a webinar that will focus on data quality and corporate disclosures. The webinar will take place on Thursday, May 1, 2025, from 3:00 p.m. to 4:00 p.m. via Zoom. The event is free and open to the public, though registration is required. Continue reading "XBRL US to Host Webinar: Data Quality,..." »

On April 4th, the XBRL Standards Board announced that it approved the release of a second Public Working Draft (PWD) of the Table Constraints specification. The modular enhancement to the XBRL-CSV format is designed to enable highly efficient validation of business rules, particularly when working with large XBRL-CSV reports. By utilizing the tabular framework of XBRL-CSV, Table Constraints specification allows validations to be performed on a row-by-row basis, greatly improving processing speed. Continue reading "XBRL-CSV Validation Upgraded with New Table..." »

Join us at GovFin 2025! XBRL US, in conjunction with the University of Denver, will host a conference to discuss how the Financial Data Transparency Act (FDTA) can facilitate the efficient rollout of digital reporting for municipal bond issuance and other disclosures with data submissions in a structured, machine-readable format. The event’s presentations will address how this will impact governments, municipal analysts and portfolio managers, data and analytics tool providers, and regulators. Novaworks is a sponsor of this event, and our staff will be on hand to answer questions and provide information. Continue reading "XBRL US Opens Registration for GovFin " »

The Financial Accounting Standards Board (FASB) will host an XBRL US webinar that will provide an overview of the 2025 Meta Model improvements. The session is tailored for accountants, developers, technologists, and data/analytics providers who would like to leverage the relationships within the US GAAP Taxonomy to improve their work. The webinar will take place on Wednesday, May 21, 2025, from 3:00 p.m. to 4:00 p.m. EST via Zoom. The event is free and open to the public, though registration is required. Continue reading "XBRL Announces Webinar on 2025 Meta Model..." »

The SEC has adopted rule amendments to require electronic filing or submission of certain forms as well as other filings, submissions, or notices provided by broker-dealers, security-based swap dealers, and major security-based swap participants under the Exchange Act and the Securities Act to be submitted to the EDGAR system using machine-readable, structured data. Accordingly, the SEC has released a draft version of the Broker-Dealers (BKD) XBRL Taxonomy. Continue reading "SEC Releases Draft of Broker-Dealers (BKD)..." »

On March 17, 2025, the EDGAR System will be updated to Release 25.1. Continue reading "EDGAR Release 25.1" »

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 2-hour meeting will take place on Wednesday, March 19, 2025, and will begin at 9:00 a.m. ET. The event is free and open to the public, but registration is required. {expires: 2025-03-20} Continue reading "XBRL US Staff to Host Data Quality Committee..." »

The SEC has announced that Variable Insurance Product (VIP) Data Sets are now available for registrants to download as of March 11, 2025. The VIP Data Sets provide the text and numeric information drawn from Forms N-3, N-4, and N-6 (the registration forms for variable annuity contracts and contracts offering Index-Linked Options and/or Fixed Options subject to a contract adjustment) filed with the SEC in eXtensible Business Reporting Language (XBRL). Continue reading "Variable Insurance Product Data Sets Now..." »

The Financial Accounting Standards Board (FASB) will host a webinar to discuss 2025 GAAP and SEC reporting taxonomy improvements and an SEC data quality update. The event will take place on Tuesday, April 8, 2025, beginning at 1:00 p.m. (ET). {expires: 2025-04-09} Continue reading "FASB to Discuss 2025 GAAP and SEC Reporting..." »

The SEC has released its draft of the EDGAR® Filer Manual, Volume II: “EDGAR Filing” (Version 73) to prepare issuers for potential updates to the EDGAR system scheduled to be introduced in EDGAR Release 25.1 on March 17, 2025. The SEC also issues this draft of the EDGAR Filer Manual seeking feedback from the filing community. Continue reading "SEC Publishes Current Draft for EDGAR Filer Manual" »

XBRL US will host a webinar to prepare filers to use the SEC’s new EDGAR Filer Management dashboard that will go live on March 24, 2025. The session will feature an overview of important deadlines, a “prep for enrollment” checklist, and technical demonstrations of both the bulk and manual enrollment process. The event will take place on Wednesday, March 5, 2025 at 1:00 p.m. (ET). {expires: 2025-03-06} Continue reading "XBRL US to Host Webinar to Promote Readiness..." »