With compliance dates approaching, reviewing the SEC’s mandate for operating companies and funds that they report their financial information in Inline XBRL (iXBRL) is important. These requirements date back to June 2018, when the SEC passed rules seeking to modernize and simplify financial reporting for these filers. Unlike traditional XBRL which produces a XML document containing only tagged, structured data that is difficult for a human reader to understand and interpret, iXBRL involves embedding XBRL data directly into an HTML filing so that the disclosure document is both human-readable as a formatted report of financial information and machine-readable since the tagged data can be collected and used in subsequent analyses in any number of ways. Using iXBRL improves the data’s usefulness, timeliness, and quality, which benefits investors, regulators, market participants, and other data consumers. Inline XBRL also reduces burdens and complexity to registrants and preparers as only one document containing both the formatted report and the structured data must be produced.
Posted: June 17, 2019 10:55 am by The Novaworks Team in Filing Help, Filer News
June 14, 2019 3:35 pm – Starting June 10, 2019, new filers seeking access to EDGAR must now use an updated online version of the Form ID EDGAR access application. [...]
June 13, 2019 3:02 pm – On June 5th, the SEC voted to adopt new rules and interpretations that were designed to enhance the quality and transparency of retail investors’ relationships with investment advisers and broker-dealers. [...]
June 12, 2019 2:42 pm – The EDGAR system is currently reporting the wrong date for password expirations. [...]