Friday, August 30. 2019
SEC Closed Monday, September 2
LDC #150: How to Decide When to Use Legato
In previous blog posts, we have shown a lot of examples of tasks you can use Legato to automate. We’ve gone into detail on how these scripts work, what UI functionality is required to support them, and ways they can be improved and added upon to increase the functionality. Way back in LDC #67, we even discussed best practices that can be applied when writing applications. One topic we haven’t really covered though, is how to estimate the complexity of a task, and if it’s even a suitable task for Legato to tackle. Keep in mind we can really do anything with Legato... but there are definitely times where we should just step back, and say that a task is outside the scope of what a script should handle.
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Thursday, August 29. 2019
SEC Offers New Interpretation and Guidance For the Applicability of the Proxy Rules
The SEC is issuing new interpretation and guidance concerning proxy rules which were promulgated by Section 14 of the Securities Exchange Act of 1934. This new guidance is the result of the SEC examining proxy voting advice provided by proxy advisory firms as possible solicitations under the federal proxy laws. In addition, the SEC has considered public comments on a variety of issues related to the proxy voting process, from numerous public concept releases to a 2018 Roundtable that invited the public to provide feedback on the use of proxy advisory firms and their activities.
Continue reading "SEC Offers New Interpretation and Guidance For..." »Monday, August 26. 2019
First Fee Rate Advisory for Fiscal Year 2020
The SEC announced the first fee rate advisory for 2020 on August 23, which will take effect on October 1, 2019. Under this new rate, the fees that public companies and other issuers pay to register their securities with the SEC will be set at $129.80 per million dollars, an increase from $121.20 per million dollars.
Continue reading "First Fee Rate Advisory for Fiscal Year 2020" »Friday, August 23. 2019
LDC #149: Using FTP in Legato
This weeks’s blog is going to focus on the File Transport Protocol or FTP and what functions Legato offers to add FTP into your next script. The FTP protocol is an older protocol and somewhat outdated but it does have its uses. It was originally designed to send files over the internet long before webpages and HTTP. It has many disadvantages when compared to modern protocols such as SFTP but it still offers an easy way for users to download and upload files.
Continue reading "LDC #149: Using FTP in Legato" »SEC Releases New Compliance and Disclosure Interpretations
On August 20th, the SEC staff released a group of Compliance and Disclosure Interpretations (CD&Is) concerning the interactive data rules, including new interpretations regarding inline XBRL. This article contains a summary of the CD&Is, organized by topic groups as well as a list of the new questions and answers that were released on August 20th.
Continue reading "SEC Releases New Compliance and Disclosure..." »Monday, August 19. 2019
New Release (5.0c) for the GoFiler Family of Products
Version 5.0c of all applications in the GoFiler Suite has been released. This release contains a number improvements and corrections to Page View, iXBRL View, and XDX View, including improvements to the automatic cover page tagging for inline XBRL. Various EDGAR form improvements have also been made.
Continue reading "New Release (5.0c) for the GoFiler Family of..." »SEC Proposes to Modernize Disclosures of Business, Legal Proceedings, and Risk Factors Under Regulation S-K
On August 8th, the SEC proposed amendments that would modernize some of the descriptions and disclosures that registrants are required to make pursuant to Regulation S-K. These changes should improve disclosures for investors and simplify compliance efforts for registrants.
Continue reading "SEC Proposes to Modernize Disclosures of..." »Friday, August 16. 2019
LDC #148: Unicode and UTF-8
When it comes to text, we as programmers live in a world that is a combination of 8-bit and 16-bit. Living in 8-bit is okay until you need to access characters outside the scope of standard ASCII and ISO Latin 8859. Then you need additional support, and that support comes from Legato’s functions to handle Unicode and UTF-8.
Continue reading "LDC #148: Unicode and UTF-8" »Wednesday, August 14. 2019
Proposed and Approved Validation Rules from the XBRL US Data Quality Committee
The XBRL US Data Quality Committee (DQC US) has approved new validation rules to aid public companies in detecting inconsistencies and errors in their XBRL-formatted financial data. These rules identify potential problems, including incorrect negative values, improper relationships between elements, and incorrect data associated with certain data. The new rules, which are listed below, were approved after publication as a draft and with consideration of public comments.
Continue reading "Proposed and Approved Validation Rules from the..." »Friday, August 09. 2019
LDC #147: A Look Back in Time
We started this blog in September of 2016, releasing one article a week (with only a few exceptions) for a total of 147 articles over 151 weeks, each article illustrating various features of the Legato scripting language. With so many articles available to reference I thought I would take the time this week to put together a picture of where we have been in a way that will make it easy to find previous topics that have been covered. This way no matter whether you have been a faithful reader since the beginning or if you have only found us recently you can have a place to easily find where and when we have covered a topic. This is by no means a comprehensive list, but intended to be a resource to find if we have covered a topic you may have questions about.
Continue reading "LDC #147: A Look Back in Time" »Thursday, August 08. 2019
Learn How To Create Inline XBRL in GoFiler
Both GoFiler Complete and GoXBRL have the tools necessary to create EDGAR filings in Inline XBRL. The process is the same in both applications and involves adding XBRL financial data to an HTML document using a patented technology called XDX. With XDX, you can add XBRL information to different types of HTML blocks which is then processed by the software to create EDGAR compliant XBRL.
Continue reading "Learn How To Create Inline XBRL in GoFiler" »Friday, August 02. 2019
LDC #146: HTML Writer Overview
Previously, I discussed converting a CSV file into a HTML table using Legato’s HTML Writer Object. The previous blog, which you can find here, did not cover all the options and functions the HTML Writer Object offers. This week’s blog will be an overview of the functions for the HTML Writer Object and what they can do.
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