SEC staff call out custom axis tag use in XBRL filings
The SEC is advising companies to take a careful look at their use of axis tags in their XBRL filings. The SEC has been studying corporate filings from 2013 to 2015 in the “XBRL format looking for problems that lead to data quality concerns, with axis tags being one such ...
Related articles
-
ArticleDOJ dismisses indictment against Cassava advisor amid mounting legal flaws
The DOJ dropped a June 2024 indictment against a Cassava Sciences advisor, closing a case tied to an alleged short-selling scheme and related government probes. The case was criticized for fundamental flaws in evidence and legal procedures.
-
ArticleFINRA fines First Trust $10M for allegedly giving too-generous gifts to brokers
First Trust Portfolios has been fined $10 million by FINRA for allegedly providing excessive meals, gifts, and other incentives to broker-dealers.
-
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, compliance could be a crucial line of defense and save companies on their insurance costs.