The SEC has upgraded the popular public database of financial information and operations of public companies, the Electronic Data Gathering, Analysis, and Retrieval, or EDGAR, to support more industry-relevant taxonomies. EDGAR Release 24.2, released on July 1, “now supports the 2024 version of the International Financial Reporting Standards (IFRS) taxonomy and now accepts the Security-Based… Read More >>
Broadridge Buys CompSci to Add SEC Filing Features
Broadridge Financial Solutions will be expanding its range of services for regulatory filings and disclosure for public companies and funds with the acquisition of provider CompSci Resources, maker of a Web-based, collaborative platform for SEC disclosure preparation, officials say. CompSci’s Transform platform for eXtensible Business Reporting Language (XBRL) tagging and Electronic Data Gathering, Analysis, and… Read More >>
SEC Reveals Geeky Side via APIs for EDGAR
Wow. Who knew that the Securities and Exchange Commission (SEC) had a seriously geeky side? It’s no secret that the SEC and its documentation constitute an endless well of legal gobbledygook that will cure insomnia for many, instill zombie-like behavior in others, and force some individuals into an existential crisis. It is news, though, that… Read More >>
GLEIF Debuts Support for Machine-Readable LEIs
The Global Legal Entity Identifier Foundation (GLEIF) is clearing a new path for LEIs by integrating them with the eXtensible Business Reporting Language (XBRL), which facilitates the embedding of LEIs into digital, machine-readable financial documents. Integrating the LEI into digital business reports is intended to improve entity verification and ease online data aggregation, according to… Read More >>
SEC Filers Must Move to Inline XBRL
Amid the flurry of news about tariffs, scandals, mergers and trade wars, the SEC quietly adopted rule amendments that will require the implementation of the Inline eXtensible Business Reporting Language (XBRL) format “for the submission of operating company financial statement information and fund risk/return summary information,” according to the SEC. The amendments are expected “to… Read More >>
SEC Wants to Make Inline XBRL Mandatory
The SEC, as part of what it calls its “disclosure modernization initiative,” is proposing amendments to improve the quality of data submitted by public companies and mutual funds using the eXtensible Business Reporting Language (XBRL). XBRL is a format that “allows filers to embed XBRL data directly into a HyperText Markup Language (HTML) document,” the… Read More >>
