June 20, 2019
According to a report from the Financial Reporting Council’s Financial Reporting Lab (PDF), XBRL (eXtensible Business Reporting Language) will play a central role in the movement toward the digitalization of corporate ...
June 12, 2019
SEC filers that submit financials using International Financial Reporting Standards (IFRS) should take note that the IFRS Foundation has published digital tagging of certain Illustrative Examples from the IFRS ...
May 15, 2019
The pace of regulatory developments in financial reporting has accelerated significantly. Standard setters and regulators have transformed both accounting standards and the format of financial reporting, resulting in ...
April 16, 2019
On March 20, 2019, the SEC adopted final rule amendments, in connection with the FAST Act, which have expanded the scope of XBRL tagging requirements to the cover page of Forms 8-K, 10-Q, 10-K, 20-F, and 40-F (annual ...
April 04, 2019
The SEC has adopted final rule amendments, in connection with the FAST Act, which have expanded the amount of information subject to the SEC’s XBRL-tagging requirement. The rule includes the tagging of all information ...
December 27, 2018
What percent of disclosures in the primary financial statements of SEC registrants are unique to the company? According to a recent SEC staff analysis, the answer is 9% for U.S. GAAP filers and 16% for IFRS filers.
December 11, 2018
The SEC recently published its draft strategic plan for 2018-2012 (read the PDF here). In the plan, the SEC reiterates its commitment to modernizing SEC filers’ financial data in ways that improve the ability of both ...
December 06, 2018
The IFRS Taxonomy 2018 is changing. The IFRS Foundation has proposed updates to the taxonomy and has made the changes available to the public for comment.
