Towards Phase 3 of the US SEC’s iXBRL Mandate
Backdrop The US SEC embraced XBRL submissions back in 2009. With the introduction of the iXBRL mandate, HTML and XBRL-encoded information will combine to form one single report, replacing the…
It’s Time Investors had US Firms’ Non-financial Disclosures in XBRL
Back in the late nineties, a motley group of professionals got together to develop an XML-based data standard that would revolutionize the way financial information is conveyed. Extensible Financial Reporting…
SEC Filing Calendar 2021
Preparing to file your 10-Ks and 10-Qs with the US SEC in Inline XBRL is a heavy enough task, and you wouldn’t want to miss a deadline. We’ve got that…
Here’s how Extensible Lists can make Your XBRL Filings more Effective
The US GAAP Taxonomy revision of 2017 introduced a new XBRL design feature called Extensible Lists to help companies filing their reports with the US SEC provide or tag additional…
iXBRL in the Times of Covid: Phase 2 of the US SEC Mandate
On June 15, 2020, the US Securities and Exchange Commission’s Inline XBRL or iXBRL mandate was extended to financial reports and cover pages of accelerated filers, or companies with a…
The 2020 U.S. GAAP Taxonomy: What you Need to Know
On March 9, 2020, the SEC announced that the EDGAR system has been upgraded to support the 2020 U.S. GAAP, 2020 SEC Reporting (SRT), and a few other SEC taxonomies.…
COVID-19: Considerations for Disclosures in Your Next Filing
Change is an undeniable constant, even when it comes to our disclosure preparations. As 2020 progresses, even the most seasoned accountants and financial professionals have to radically rethink strategies for…
Stressed-out to smooth-sailing: Effective Solutions to Manage a Filing Period
The mail has started pouring in more aggressively than usual. Co-workers who are otherwise cheerful (including yourself) have a mask of tension on their faces. The usual spring in your…
The SEC’s Modernization of Filing Fee Disclosure and Payment Methods proposal: What You Need to Know
As the times evolve, so must our ways. The SEC is a regulator that has certainly lived by this ethos. So it should not come as a surprise when the…
How to Check the Quality of Your iXBRL Report
There is no doubt that XBRL has changed the nature of business reporting across the globe. While regulators like ESMA are in the process of adopting iXBRL, SEC has been…