Thursday, June 10. 2021

EDGARLink Updates Online Document Attachment Capabilities

As of June 9, 2021, when a filer is using an internet browser other than Internet Explorer, EDGARLink Online will allow that filer to attach multiple documents at once to EDGAR submissions. Filers using Internet Explorer must continue attaching documents to EDGAR submissions one at a time. Continue reading "EDGARLink Updates Online Document Attachment..." »
Posted by
LeAnn Dey
in EDGAR News, SEC, SEC Filing Help, US GAAP Taxonomy at 11:49

Wednesday, May 26. 2021

DERA Brings Attention to Incorrect Use of Continuing Operations Elements in the Statement of Cash Flows

The staff of the SEC’s Division of Economic and Risk Analysis (DERA) has discovered that certain filers who report under US Generally Accepted Accounting Principles are using elements for the Statement of Cash Flows that are intended explicitly for continuing operations. These filers do not actually report continuing and discontinued operations separately and should be using general elements to tag each respective subtotal for operating, investing, and financing activities. Continue reading "DERA Brings Attention to Incorrect Use of..." »
Posted by
The Novaworks Team
in DERA, SEC Filing Help at 17:54

Tuesday, May 25. 2021

SEC Staff Issues Guidance on EDGAR Filing of Form C

The SEC’s Division of Corporation Finance recently provided guidance that reflects its views concerning the filing of Form C to the SEC with respect to the effectiveness of certain rule changes as introduced in Release No. 33-10884. This guidance on EDGAR filing of Form C: 1) is not a rule, regulation or statement of the SEC; 2) has neither agency approval nor disapproval; 3) has no legal force or effect; 4) does not alter or amend applicable law; and 5) creates no new or additional obligations for any person. Continue reading "SEC Staff Issues Guidance on EDGAR Filing of..." »
Posted by
The Novaworks Team
in Corporation Finance, EDGAR News, SEC, SEC Filing Help at 14:46

Friday, May 21. 2021

FASB Proposes Revisions for Future Taxonomies Related to Proposed ASU on Fair Value Hedging

The Financial Accounting Standards Board (FASB) has recently issued proposed updates to the US GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy related to the proposed Accounting Standards Update (ASU) on Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Method. The proposed revisions to the taxonomies will include: 1) new elements, 2) newly added references to transition elements, 3) modified documentation and standard labels, 4) element deprecations, and 5) reference deletions. {expires: 2021-07-06}
Continue reading "FASB Proposes Revisions for Future Taxonomies..." »
Posted by
The Novaworks Team
in EDGAR News, FASB News, SEC Filing Help, US GAAP Taxonomy, XBRL at 14:50

Monday, May 17. 2021

SEC to Release EDGAR 21.1.3.u1

The SEC has announced that on May 19, 2021 it will release EDGAR 21.1.3.u1.
Continue reading "SEC to Release EDGAR 21.1.3.u1" »
Posted by
The Novaworks Team
in EDGAR News, SEC, SEC Filing Help at 16:31

Wednesday, May 05. 2021

SEC Announces Changes Related to EDGAR Release 21.1.3

The SEC has announced that it will release EDGAR 21.1.3 on May 10, 2021. Continue reading "SEC Announces Changes Related to EDGAR Release..." »
Posted by
The Novaworks Team
in EDGAR News, SEC, SEC Filing Help at 17:05

Wednesday, March 24. 2021

SEC Announces 2021 XBRL Taxonomies Update

The SEC upgraded the EDGAR system to Release 21.1 on March 22, 2021. The system now supports the 2021 reporting taxonomies, which are the final versions of the draft taxonomies that were posted by SEC staff for public comment on September 1, 2020.
Continue reading "SEC Announces 2021 XBRL Taxonomies Update" »
Posted by
The Novaworks Team
in EDGAR News, SEC, SEC Filing Help, US GAAP Taxonomy, XBRL at 11:04

Tuesday, March 23. 2021

Form ID Amendments

With the release of EDGAR 21.1, the SEC has revised Volume I of the EDGAR Filer Manual and Form ID, as well as related rules. Those who apply for EDGAR access who previously used the “Convert Paper Only Filer to Electronic Filer” process are now required to submit Form ID and an authenticating document to apply for access to file on EDGAR. The changes apply to applicants who have Central Index Key (CIK) numbers but have not yet filed electronically on EDGAR. Continue reading "Form ID Amendments" »
Posted by
The Novaworks Team
in EDGAR News, SEC, SEC Filing Help at 10:14

Wednesday, March 17. 2021

SEC Makes Announcement About Disabling TLS 1.0 and TLS 1.1

On April 1, 2021, the SEC will begin only accepting internet connections from networks using Transport Layer Security (TLS) settings at version 1.2 or higher. This move has been made to strengthen network security controls. Continue reading "SEC Makes Announcement About Disabling TLS 1.0..." »
Posted by
The Novaworks Team
in EDGAR News, Information Technology, SEC, SEC Filing Help at 17:16

SEC Releases EDGAR 21.1

The SEC has announced that EDGAR Release 21.1 will implement a number of updates to the EDGAR filing website on March 22, 2021. Continue reading "SEC Releases EDGAR 21.1" »
Posted by
The Novaworks Team
in EDGAR News, SEC, SEC Filing Help at 09:48

Friday, February 26. 2021

FASB Releases Proposed Taxonomy Implementation Guides for Public Review and Comment

On February 24, the SEC announced that the Financial Accounting Standards Board (FASB), the organization that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles (GAAP), has published two proposed Taxonomy Implementation Guides. These guides are based on the 2021 US GAAP Financial Reporting Taxonomy, which is currently under consideration by the SEC. {expires: 2021-03-13}
Continue reading "FASB Releases Proposed Taxonomy Implementation..." »
Posted by
The Novaworks Team
in FASB News, SEC, SEC Filing Help, US GAAP Taxonomy at 10:11

XBRL US to Host Webinar on Updates to the XBRL API

XBRL US will host a free webinar on March 10, 2021 to provide an update on the XBRL API that works with data in the Database of Public Filings. The event will begin at 3 p.m. and will be an hour in length. Webinar attendees will learn how to get started with the no-cost add-in for Microsoft Excel in M365 and Office 365 that was recently published called XBRL Filed Data. The remote meeting will also address other available XBRL API enhancements and resources. {expires: 2021-03-11} Continue reading "XBRL US to Host Webinar on Updates to the XBRL API" »
Posted by
The Novaworks Team
in Events, SEC Filing Help, XBRL at 09:44

Wednesday, January 27. 2021

Form 13H Issues Caused by Adobe Flash Player End of Life Resolved

The SEC has announced that technical issues with Form 13H (and its variants) resulting from the end of life of Adobe Flash software has been resolved. Filers who were unable to file Form 13H (or variant) because of the issue should submit their filings as soon as possible. Continue reading "Form 13H Issues Caused by Adobe Flash Player..." »
Posted by
The Novaworks Team
in Filing Technology, SEC, SEC Filing Help at 13:41

Thursday, January 14. 2021

SEC Releases Information about Form 13H Filing Difficulties

On January 13, 2021, the SEC released a statement concerning Form 13H and filing issues due to Adobe Flash Player’s End of Life. Adobe officially discontinued support for Flash Player on December 31, 2020. Because of this, filers have been experiencing issues with filing Form 13H (and its variants). SEC staff are working on a technical fix. They expect to implement this fix no later than January 31, 2021.
Continue reading "SEC Releases Information about Form 13H Filing..." »
Posted by
The Novaworks Team
in EDGAR News, Filing Technology, SEC, SEC Filing Help at 09:56

Monday, December 28. 2020

SEC Requests Comment on Changes to Rule 144 and Form 144

On December 22, 2020, the SEC proposed an amendment to Rule 144 under the Securities Act of 1933 that would revise the holding period determination for securities acquired upon the conversion or exchange of certain “market-adjustable securities”. This change should decrease the risk of unregistered distributions in connection with sales of those securities. In addition, the SEC is proposing updates and simplifications to the Form 144 filing requirements. Continue reading "SEC Requests Comment on Changes to Rule 144 and..." »
Posted by
The Novaworks Team
in EDGAR News, SEC, SEC Filing Help at 11:22
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