Thursday, December 08. 2022
FASB Staff Releases Proposed GAAP Taxonomy Enhancements for Proposed ASU Regarding Leases (Topic 842), Solicits Comment
On November 30th, the Financial Accounting Standards Board (FASB) released for comment the proposed GAAP taxonomy improvements for the proposed Accounting Standards Update (ASU), which is aimed at improving accounting guidance for lease arrangements between entities under common control.
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Financial Accounting Foundation Releases New Strategic Plan
The Board of Trustees of the Financial Accounting Foundation (FAF) has released the final version of its new strategic plan. The FAF is the organization that oversees the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). Because stakeholder feedback is the foundation of the organization’s work, the new strategic plan is based on extensive engagement with stakeholders via comment letters, an online survey, and a number of individual interviews.
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Tuesday, December 06. 2022
FERC Announces Recent eForms Refresh Update
On December 2nd, the FERC released the Vendor File Library, which has been modernized and now contains zip files with the source code for the draft Version 2023-01-01 validation rulesets.
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FERC Anticipates Enhancements to Grid Reliability with Proposed IBR Standards
On November 17th, the Federal Energy Regulatory Commission (FERC) took a number of actions that focused on inverter-based resources (IBRs). The measures included orders proposing that new technologies and standards be created to improve and protect the reliability of the bulk power system and strengthen grid reliability, the Commission’s main endeavors.
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Monday, December 05. 2022
XBRL US Announces Webinar: DQC Rules for BDCs and Public Companies – Rule Set 20
The XBRL US Data Quality Committee (DQC) has announced that it published its 20th Rule Set, which is comprised of five proposed rules for corporate issuers and two proposed rules specific to business development companies (BDCs). DQC rules are freely accessible by US GAAP and IFRS issuers so they may better validate their filings and recognize potential errors. Referring to the DQC rules helps issuers prepare financial statements that are consistent and submitted to the SEC in high quality, Inline XBRL format.
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Posted by LeAnn Dey
in Data Quality Committee, Events, IFRS Taxonomy, US GAAP Taxonomy, XBRL
at
09:46
Thursday, December 01. 2022
SEC Finalizes Strategic Plan for Fiscal Years 2022-2026
On November 23rd, the SEC published its Strategic Plan for fiscal years 2022 to 2026 in accordance with the Government Performance and Results Modernization Act of 2010 (Act). Under the Act federal agencies are required to outline their missions, planned initiatives, and strategic goals for a period of four years.
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Tuesday, November 29. 2022
SEC Announces Upcoming Investor Advisory Committee Meeting
The SEC has announced a virtual Investor Advisory Committee meeting that will take place on Thursday, December 8, 2022, beginning at 10:00 a.m. ET. The public may attend this free event, which will be presented live via webcast at sec.gov. {expires: 2021-12-10}
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Wednesday, November 23. 2022
Thanksgiving Hours
Both the SEC and the FERC will be closed Thursday, November 24th in observance of Thanksgiving. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of November 24th will be due the following business day. eForms will accept filings submitted on November 24th. {expires: 2021-11-28}
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Tuesday, November 22. 2022
FERC Publishes Updates to eForms Refresh
On November 21, 2022, the eForms system was revised to include the draft FERC Version 2023 taxonomies, validation rules, and rendering files effective for the filing of first quarter 2023 forms and all future filings. The Taxonomy Package is now available for download from the eForms portal under Taxonomy History. Additionally, the eForms system is currently accepting test submissions.
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SEC Releases Enforcement Results for Fiscal Year 2022
On November 15th, the SEC’s Division of Enforcement announced that in fiscal year 2022, it saw a great deal of critical, first-of-their-kind enforcement actions to further attempt to protect investors and promote market integrity.
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Monday, November 21. 2022
New Release (5.16c) for the GoFiler Family of Products
Version 5.16c of all applications in the GoFiler Suite has been released. This release contains a number of changes and improvements for XDX and XBRL, including support for the ECD 2022q4 taxonomy.
Continue reading "New Release (5.16c) for the GoFiler Family of..." »FERC Reviews Its Enforcement Activities for Fiscal Year 2022
On November 17th, the FERC released its 16th annual report on its enforcement activities, which offers a comprehensive overview of the agency’s accomplishments in 2022 as part of its efforts to ensure that all energy markets are efficient, safe, reliable, and secure. The report includes the FERC’s significant actions, as well as its strategic goals and its guidance to the industry. The report also serves an important function in providing the public and the regulated community with more information regarding the FERC’s Office of Enforcement’s non-public activities.
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Friday, November 18. 2022
GASB Proposes Guidance to Help Stakeholders Apply its Pronouncements
On November 15th, the Governmental Accounting Standards Board (GASB) released proposed implementation guidance that uses a questions and answers format to clarify and expound on certain GASB pronouncements.
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Wednesday, November 16. 2022
FASB Issues Proposed Investment Companies Taxonomy Implementation Guide
On November 15th, the Financial Accounting Standards Board (FASB) released a proposed Taxonomy Implementation Guide. The Guide is premised on the proposed 2023 GAAP Financial Reporting Taxonomy, which is currently awaiting SEC acceptance and subject to change until the finalized version is published. The newly proposed Guide, Financial Services—Investment Companies (Including SEC S-X Schedules for Business Development Companies), is comprised of examples intended to help users of the taxonomy understand how the reporting framework for investment companies is structured within the taxonomy.
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Thursday, November 10. 2022
Veterans Day
The SEC will be closed Friday, November 11, in observance of Veterans Day. The EDGAR System will not receive, process, or accept filings on this day. Filings with a due date of November 11 will be due the following business day. The FERC will also be closed in observation of Veterans Day. eForms will accept filings submitted on November 11th. {expires: 2022-11-12}
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