Houses Passes XBRL Exemption as Survey Reveals Costs
The House of Representatives passed legislation that includes an exemption for 60 percent of all public companies from the SEC requirement to submit interactive financial statement data using XBRL. Meanwhile, an American Institute of Certified Public Accountants and XBRL U.S. study showed that nearly 75 percent of the smallest public ...
Related articles
-
ArticleCompliance should protect firms from AI-washing investigations and insurance claims
Insurance firms are warning that AI-washing could trigger a slew of cases against directors, and are adjusting their directors’ and officers’ liability premiums accordingly. With regulators cracking down on AI-washing – overstating the extent to which an organization is an AI business, or the value of its AI use to ...
-
ArticleNavigate SEC cautiously during shutdown, experts advise
The U.S. government shutdown has brought most operations at the Securities and Exchange Commission (SEC) to a screeching halt, but that doesn’t mean compliance teams should be taking a breather, experts advised.
-
OpinionThe CFO, AI, and the New Compliance Frontier
As CFOs use AI to streamline operations, they face new compliance risks tied to accountability and algorithmic governance. CCOs must work with them to ensure transparency and oversight throughout adoption.