Toppan Merrill - Recent blog posts

Lou Rohman

Vice President, XBRL Services

SEC Mandate for Inline XBRL Starts in 2019

In 2018 the SEC adopted rule amendments that require operating companies to submit financial statements in a new reporting format - Inline XBRL. The requirements will be phased-in by company size from 2019 to 2021, as follows:

Group 1: Large accelerated filers that use US GAAP (starting with fiscal periods ending on or after June 15, 2019)
Group 2: Accelerated filers that use US GAAP (starting with fiscal periods ending on or after June 15, 2020)
Group 3: All others - which includes all IFRS filers (starting with fiscal periods ending on or after June 15, 2021)

in SEC, XBRL, 2019 Industry Trends

27 December 2018

Unique Financial Disclosures in SEC Filings

by Lou Rohman

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.

in 2018 Industry Trends, 2019 Industry Trends

11 December 2018

SEC Draft Strategic Plan Focuses on Technology’s Impact

by Lou Rohman

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 Wall Street and Main Street investors to make informed investment decisions.

As investors increasingly make investments informed by extensive data analytics and executed through algorithms on electronic platforms, it’s imperative the SEC keep pace with the evolving capital markets.

in 2018 Industry Trends

06 December 2018

IFRS Foundation Proposes Updates to IFRS Taxonomy

by Lou Rohman

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.

in 2018 Industry Trends