FASB proposes GAAP Taxonomy update
The US Financial Accounting Standards Board (FASB) has issued proposed improvements to the GAAP Taxonomy.
Items tagged with "US"
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SEC report highlights benefits of machine-readable data for corporate disclosures
The Securities and Exchange Commission (SEC) has published its Semi-Annual Report to Congress on the use of machine-readable data for corporate disclosures, as mandated by the Financial Data Transparency Act (FDTA).
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EDGAR system offers support for new taxonomies
Last week the US Securities and Exchange Commission (SEC) upgraded its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system to Release 23.2.
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SEC introduces BETA testing for modernised filing fee rule
Aiming to improve the process for filing fee disclosure and payment methods, last year the Securities and Exchange Commission (SEC) adopted the Filing Fee Disclosure and Payment Methods Modernization amendments.
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FHFA urged to explore XBRL for improved data collection efficiency
The US Federal Housing Finance Agency (FHFA) has been encouraged to embrace the use of XBRL and the LEI (Legal Entity Identifier) to facilitate the transition mandated by the FDTA (Financial Data Transparency Act) legislation.
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XBRL US comments on draft OEF Taxonomy and Guide
XBRL US recently submitted feedback on the US Securities and Exchange Commission’s (SEC) proposed draft Open-End Fund Taxonomy (OEF), published in May.
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Dive deep into the practicalities of implementing data standards under the FDTA
Following the passage of the US’s Financial Data Transparency Act (FDTA) late last year, there has been some debate on the best way to implement the requirements of the act. XBRL US recently published a white paper offering an analysis of the existing state of data management amongst agencies affected by the FDTA and a […]
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SEC proposed rule on Cybersecurity Risk Management receives support and recommendations from XBRL US
In response to the US Securities and Exchange Commission’s (SEC) proposed Cybersecurity Risk Management Rule request for comments, XBRL US have submitted a comment response letter. The rule aims to enhance cybersecurity risk reporting for various entities such as broker-dealers, clearing agencies, security-based swap participants.
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SEC aims to enhance resilience of covered clearing agencies
The US Securities and Exchange Commission (SEC) recently unveiled a series of proposed rule changes designed to fortify the resilience and recovery capabilities of covered clearing agencies. The measures aim to enhance the integrity of clearing services during times of heightened stress.
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SEC Chair advocates greater data transparency in municipal bond markets with FDTA
Last week the US Securities and Exchange Commission’s (SEC) Chair Gary Gensler spoke at the Municipal Securities Disclosure Conference in Washington D.C., emphasising the importance of transparency and disclosure in the US $4 trillion municipal bond market.
