The SEC has adopted new rules to mandate electronic submission of certain information for which paper format submission was previously required or permitted. These updates are intended to promote efficiency and transparency, and offer better access to such information by the public.
The amendments will:
The amended rules also mandate the use of Inline XBRL for filing of financial statements and accompanying notes required by Form 11-K, and make certain technical amendments to other forms to remove outdated references and improve the structure of data reporting.
The SEC has issued a Fact Sheet summarizing the key provisions of the adopted amendments.
Receive timely updates on accounting and financial reporting topics from KPMG.
Receive timely updates on accounting and financial reporting topics from KPMG.
Access our accounting research website for additional resources for your financial reporting needs.
Access our accounting research website for additional resources for your financial reporting needs.