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..." »

The XBRL US Data Quality Committee (DQC) will host a webinar to discuss the recently published 15th Ruleset, which is comprised of nine rules specific to US GAAP filers and IFRS filers. The virtual event will take place on Wednesday, May 12, 2021, from 2:00 p.m. to 3:00 p.m. EDT. This event allows the DQC the opportunity to review the impact of the rules on data quality reported through the SEC program and to clarify the new draft rules. Proposed Ruleset 15 covers a range of potential error types and will warn filers of possible problems within thousands of filings. These rules are designed to identify errors which range from incorrect use of certain axes to problems in the consistency of facts reported over time. {expires: 2021-05-13} Continue reading "XBRL US DQC to Host Webinar to Discuss Newest..." »

On March 23, 2021, the FERC announced several filing deadline extensions for third quarter 2021 quarterly filings for electric utilities, natural gas, and oil pipeline companies. These extensions are intended to allow additional time necessary for the transition to the XBRL-based system. Continue reading "FERC Extends 3rd Quarter Filing Deadlines for..." »

On March 24, 2021, the SEC approved provisional final amendments to carry out congressionally mandated submission and disclosure conditions introduced in the Holding Foreign Companies Accountable Act of December 2020 (HFCA Act). The provisional final amendments pertain to registrants that: 1) the SEC identifies as having filed an annual report on Forms 10-K, 20-F, 40-F or N-CSR with an audit report issued by a registered public accounting firm that is in a foreign jurisdiction; and 2) the Public Company Accounting Oversight Board (PCAOB) has determined it is unable to inspect or investigate entirely because of a position taken by an authority in that jurisdiction. Continue reading "SEC Issues Interim Amendments and Seeks Public..." »

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" »

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" »

Version 5.7a of all applications in the GoFiler Suite has been released. This release corresponds to EDGAR 21.1 and contains support for the new 2021 taxonomies and changes to Form C. Additionally, improvements have been made to iXBRL and Page View.

Continue reading "New Release (5.7a) for the GoFiler Family of..." »

After meeting March 2-4, 2021, the International Financial Reporting Standards (IFRS) Foundation’s trustees have announced plans to continue the IFRS Foundation’s endeavor of establishing an international sustainability reporting standards board within the current administration of the foundation. The decision was based on the encouragement received in comments concerning the Consultation Paper on Sustainability Reporting, which was published in 2020. Also, in February 2021, the International Organization of Securities Commissions (IOSCO) has indicated its intention to work with the IFRS Foundation to develop a plan to establish a new board to set sustainability standards that will meet the needs of the capital markets. Continue reading "IFRS to Proceed with Formation of International..." »

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..." »

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" »

On February 26, 2021, the SEC announced that under Section 31(j)(2) of the Securities Exchange Act of 1934, it has concluded that a mid-year adjustment to the Section 31 fee rate is not required for fiscal year 2021. The amount of funding available to the SEC is not directly affected by these adjustments. Continue reading "Fee Rate Advisory #3 for Fiscal Year 2021" »

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..." »

Version 5.6c of all applications in the GoFiler Suite has been released. This release contains a number of improvements to HTML and project validation, as well as XDX improvements pertaining to continuations. Additionally, new features were added to filter the RSS news feed and to set the time zone for GoFiler’s internal logs and proofs.

Continue reading "New Release (5.6c) for the GoFiler Family of..." »

The SEC will be closed Monday, February 15 in observance of President’s Day birthday. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of February 15 will be due the following business day, which is Tuesday, February 16. Continue reading "President’s Day" »

On February 4, 2021, the SEC published a request for public comment concerning potential reform measures to enhance the resilience of money market funds, which are utilized by both large institutions and individual retail investors and play a substantial role in short-term funding markets. This topic is given special attention in a report of the President's Working Group on Financial Markets published in December 2020. The SEC expects that comments received will help the agency and other relevant financial regulators in further analysis of potential reforms. Continue reading "SEC Seeks Comment on Potential Money Market..." »