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  • Title: IFRS for Developing Economies^ Link: https://www.accountingtoday.com/news/ifrs-foundation-teams-with-world-bank-on-aiding-developing-economies^ Date: 15 May 2017^ Details: The IFRS Foundation has signed a memorandum of understanding with the World Bank to help developing countries use IFRS, believing the standard promotes greater transparency, accountability and efficiency, allowing emerging economies to attract more foreign investment and spur economic development to alleviate poverty.^
  • Title: FASB Assessing U.S. GAAP Taxonomy^ Link: http://www.journalofaccountancy.com/news/2017/may/fasb-assessing-gaap-taxonomy-201716630.html^ Date: 10 May 2017^ Details: FASB is considering making changes to the U.S. GAAP financial reporting taxonomy that would be intended to improve the taxonomy's usability and the processes that support taxonomy-related activities. FASB is seeking feedback through their website by June 15.^
  • Title: Lawmakers Submit Letter in Support of iXBRL^ Link: https://tax.thomsonreuters.com/media-resources/news-media-resources/checkpoint-news/daily-newsstand/lawmakers-submit-comment-letter-in-support-of-inline-xbrl-proposal/^ Date: 03 May 2017^ Details: Three U.S. Representatives submitted a comment letter to the SEC in support of the proposal to require companies to embed interactive data directly into their financial statements with iXBRL. The lawmakers wrote that there may be some expense in making the transition to iXBRL, but they said the benefits will likely outweigh the costs for most companies.^
  • Title: Senate confirms Jay Clayton to lead SEC^ Link: https://www.washingtonpost.com/news/wonk/wp/2017/05/02/senate-confirms-wall-street-lawyer-jay-clayton-to-lead-sec^ Date: 02 May 2017^ Details: The Senate confirmed the nomination of Jay Clayton, a Wall Street lawyer with decades of experience with assisting companies with regulatory compliance, to lead the U.S. Securities and Exchange Commission.^
  • Title: XBRL US Opposes XBRL Exemption in #ChoiceAct^ Link: https://xbrl.us/news/xbrl-us-opposes-xbrl-exemption-financial-choice-act/^ Date: 28 Apr 2017^ Details: XBRL US strongly opposes a provision in the Financial CHOICE Act. The provision calls for an XBRL exemption for small filers; the exemption would: make it more difficult for small companies to attract funds; offer minimal savings in the short-term and make it more costly in the long-term; mean higher costs for investors and regulators; introduce difficulties in automating analysis; and take away computer-readable, structured data that analysts and investors rely on today.^
  • Title: Measuring Acc'tng Reporting Complexity with XBRL^ Link: http://aaapubs.org/doi/abs/10.2308/accr-51762^ Date: 21 Apr 2017^ Details: From the American Accounting Association whitepaper abstract: We propose a new measure of accounting reporting complexity (ARC) based on the count of accounting items (XBRL tags) disclosed in 10-K filings.^
  • Title: The Rise of the Smart City^ Link: https://www.wsj.com/articles/the-rise-of-the-smart-city-1492395120^ Date: 16 Apr 2017^ Details: Officials are tapping all kinds of data to make their cities safer, healthier and more efficient, in what may be just the start of a sweeping change in how cities are run. #BigData #OpenGov #XBRL^
  • Title: IFRS 9: A Silent Banking Revolution^ Link: http://www.mckinsey.com/business-functions/risk/our-insights/ifrs-9-a-silent-revolution-in-banks-business-models^ Date: 14 Apr 2017^ Details: There is little time left to prepare for IFRS 9. To anticipate the repercussions of the new standard and control how they play out, banks must move fast since the silent revolution will affect all European banks, ready or not.^
  • Title: OFR Speaks Out on Regulatory Burden^ Link: https://www.xbrl.org/news/us-treasury-office-for-financial-research-supports-xbrl^ Date: 31 Mar 2017^ Details: The OFR is calling on agencies in the US to embrace freely licensed standards such as XBRL, wherever appropriate, and praised the actions of the US SEC in its recent steps to propose the mandatory use of iXBRL.^
  • Title: Mutual Funds iXBRL Proposal; Comments Sought^ Link: https://www.federalregister.gov/documents/2017/03/17/2017-04366/inline-xbrl-filing-of-tagged-data^ Date: 17 Mar 2017^ Details: The SEC is proposing required use of iXBRL for the submission of operating company financial statement information and mutual fund risk/return summaries. They are seeking comments by May 16, 2017.^
  • Title: Notice of Availability of IFRS Taxonomy^ Link: https://www.sec.gov/news/pressrelease/2017-58.html^ Date: 01 Mar 2017^ Details: The SEC has published a taxonomy on its website so that foreign private issuers that prepare their financial statements in accordance with IFRS may submit those reports using XBRL.^
  • Title: How does the iXBRL viewer work, and more^ Link: https://www.sec.gov/structureddata/osd-inline-xbrl.html^ Date: 23 Feb 2017^ Details: A quick Q&A from the SEC on iXBRL: What is iXBRL? Has the SEC permitted voluntary filing using iXBRL? How will iXBRL submissions be viewed? How does the iXBRL Viewer work? And more...^
  • Title: Digital is the Permanent Reality^ Link: https://twitter.com/CompSciResource/status/829070920539049986^ Date: 07 Feb 2017^ Details: What's many times more valuable than its considerable weight in gold? Financial reporting. Many countries & regulators oblige millions of companies to provide their reports in electronic form, based on the solid foundations of the world's only digital reporting standard, XBRL.^
  • Title: XBRL Helps Student-run Investment Fund^ Link: https://xbrl.us/research/timely-affordable-data-analysis/^ Date: 06 Dec 2016^ Details: Professor Mike Phillips at California State University - Northridge, helped his students establish a student-run investment fund that today manages $3.5 million. Students on two of three funds relied on XBRL for timely information to drive their investment decisions.^
  • Title: SEC Rules Changes for Funds' Reported Info^ Link: https://www.sec.gov/news/pressrelease/2016-215.html^ Date: 13 Oct 2016^ Details: Reporting modernization rules will enhance data reporting for mutual funds, ETFs and other registered investment companies, requiring registered funds to file a Form N-PORT monthly and Form N-CEN annually. The rules will require the information in a structured data format. The rules are set to be effective on June 1, 2018.^
  • Title: Filers Given Option to File in iXBRL^ Link: https://www.sec.gov/structureddata/osd-inline-xbrl.html^ Date: 07 Jul 2016^ Details: Inline XBRL, or iXBRL, is a format that allows filers to embed XBRL data directly into a HTML document. iXBRL has the potential to provide a number of benefits to companies and users of the information.^
  • Title: #XBRL at Work^ Link: http://blog.compsciresources.com/2014/10/xbrl-at-work.html^ Date: 30 Oct 2014^ Details: Tweets entitled '#XBRL at work' highlighted different ways that XBRL is already helpful to investors and filers alike; and others pointed out areas in which XBRL may be of further benefit. We pause to look back, and then continue the conversation here...^
  • Title: Rank and Filed | SEC filings for humans^ Link: http://blog.compsciresources.com/2014/04/rank-and-filed-sec-filings-for-humans.html^ Date: 23 Apr 2014^ Details: Rank and Filed currently "collects, links and presents data from different SEC filings" and makes it easy to access and understand. As such, it illustrates that XBRL data can be presented in a way that is understandable to the average person.^
  • Title: DATA Act, part 3: Senate passage update^ Link: http://blog.compsciresources.com/2014/04/data-act-part-3-senate-passage-update.html^ Date: 10 Apr 2014^ Details: This afternoon, a significant stride towards data transparency was made when the U.S. Senate voted unanimously to approve the DATA Act. Read here for more on this and the DATA Act in general.^
  • Title: Top 10 Other Industries XBRL Can Impact^ Link: http://blog.compsciresources.com/2014/03/top-10-other-industries-xbrl-can-impact.html^ Date: 11 Mar 2014^ Details: The implementation of XBRL, both in the United States and worldwide, has led to discussions about what other industries would benefit from implementing a variation of the XML-based language. The list here was compiled to highlight possible additional applications for XBRL.^
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