Thursday, December 08. 2022

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. Continue reading "Financial Accounting Foundation Releases New..." »
Posted by
LeAnn Dey
in Accounting, FASB News, Investor Education at 08:25

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. Continue reading "FERC Announces Recent eForms Refresh Update" »
Posted by
LeAnn Dey
in eForms News, FERC, FERC Filing Help, XBRLworks Updates at 09:40

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. Continue reading "FERC Anticipates Enhancements to Grid..." »
Posted by
LeAnn Dey
in FERC at 09:30

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. Continue reading "XBRL US Announces Webinar: DQC Rules for BDCs..." »
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. Continue reading "SEC Finalizes Strategic Plan for Fiscal Years..." »
Posted by
LeAnn Dey
in Investor Education, SEC at 09:40

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} Continue reading "SEC Announces Upcoming Investor Advisory..." »
Posted by
LeAnn Dey
in Investor Education, SEC at 11:36

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} Continue reading "Thanksgiving Hours" »
Posted by
The Novaworks Team
in FERC, Novaworks News, SEC at 08:30

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. Continue reading "FERC Publishes Updates to eForms Refresh" »
Posted by
LeAnn Dey
in eForms News, FERC, FERC Filing Help at 15:54

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. Continue reading "SEC Releases Enforcement Results for Fiscal..." »
Posted by
LeAnn Dey
in Investor Education, SEC at 11:19

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..." »
Posted by
The Novaworks Team
in GoFiler Updates, Novaworks News at 17:26

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. Continue reading "FERC Reviews Its Enforcement Activities for..." »
Posted by
The Novaworks Team
in FERC at 14:56

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. Continue reading "GASB Proposes Guidance to Help Stakeholders..." »
Posted by
LeAnn Dey
in GASB News, US GAAP Taxonomy at 08:25

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. Continue reading "FASB Issues Proposed Investment Companies..." »
Posted by
LeAnn Dey
in FASB News, US GAAP Taxonomy at 15:21

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} Continue reading "Veterans Day" »
Posted by
The Novaworks Team
in FERC, SEC at 20:54

XBRL US Announces Web Conference: Variable Annuity & Life Insurance Companies – Get the Skill Set for XBRL

XBRL US will host a virtual conference to discuss the new compliance requirements associated with the SEC’s recent final rule, Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts. These new requirements will go into effect early 2023. The webinar will take place November 15th. Continue reading "XBRL US Announces Web Conference: Variable..." »
Posted by
The Novaworks Team
in Events, XBRL at 20:51
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