As you have likely heard, in the wake of the SEC’s inline XBRL requirements becoming effective for large accelerated filers for periods after June 15, 2019, on August 20, 2019 the SEC issued several C&DI’s to help implement the new requirements. There was, interestingly, no formal announcement from the SEC about the new C&DI’s in the “What’s New” section of the SEC’s webpage. Gary Brown, who co-teaches our “SEC Reporting and Practice Skills Workshop for Lawyers” program, and his colleagues at Nelson Mullins have put together a very helpful discussion of the C&DI’s, exploring the new requirements and their impact on tagging the cover pages of Forms 8-K, 10-K and 10-Q along with related questions about exhibits and other areas.
As a reminder, the phase-in for the requirement to use inline XBRL is:
As always, your thoughts and comments are welcome!