In 2017, there were a number of new changes in EDGAR compliance and new developments in SEC regulations. These have a significant impact on financial record-keeping, financial reporting and capital formation. As we head into 2018, let’s recap some of the most significant changes that happened last year.

On December 11, 2017, EDGAR Release 17.4 was released by the Securities and Exchange Commission. This release introduces a change to allow (but not require) Asset Backed Securities filers to jointly submit Form 10-D and Form ABS-EE filings in a combined, single submission (a “Combined 10-D/ABS-EE”). New form types N-LIQUID and CERT were also added to EDGAR, among other changes.

The CFA’s Investor Forum 2017, developed by XBRL US and held in sponsorship with CFA Institute and CFA Society New York, recently explored numerous issues applicable to the use of XBRL in the financial data analysis and reporting industries. During the conference, Michelle Savage, Vice President of Communication for XBRL US, and Scott Theis, CEO of Novaworks, LLC and Chairman of XBRL US’s Domain Steering Committee, discussed an earnings release case study that discussed how building an XBRL taxonomy to represent the data held within the release could be beneficial to the financial and investment communities.