On September 7, 2023, the U.S Securities and Exchange Commission (SEC) shared an illustrative comment letter to companies regarding their eXtensible Business Reporting Language (XBRL) Disclosures. The illustrative comment letter addresses a number of items, including Item 405 of Regulation S-T, the consistency of information presented on the cover page with information presented elsewhere in the document, certain pay versus performance matters, as well as tagging issues related to the financial statements and supplementary data. In addition to these items, there may also be other types of comments depending on the particular facts and circumstances of the company and the type of filing under review. Companies should consider these sample comments and additional guidance as they prepare their disclosure documents.
High Contrast
- Afghanistan
- Albania
- Andorra
- Angola
- Argentina
- Australia
- Austria
- Azerbaijan
- Bahamas
- Bahrain
- Bangladesh
- Belgium
- Bolivia
- Bosnia and Herzegovina
- Botswana
- Brazil
- Bulgaria
- Cambodia
- Canada
- Cayman Islands
- Chad
- Channel Islands
- Chile
- China
- Colombia
- Costa Rica
- Croatia
- Cyprus
- Czech Republic
- Denmark
- Dominican Republic
- Ecuador
- Egypt
- El Salvador
- Equatorial Guinea
- Eswatini
- Ethiopia
- Finland
- France
- Gabon
- Georgia
- Germany
- Ghana
- Gibraltar
- Greece
- Guatemala
- Guernsey
- Honduras
- Hong Kong SAR, China
- Hungary
- India
- Indonesia
- Iraq
- Ireland (Republic of)
- Israel
- Italy
- Ivory Coast
- Japan
- Jersey
- Jordan
- Kazakhstan
- Kenya
- Korea
- Kosovo
- Kuwait
- Kyrgyzstan
- Lebanon
- Luxembourg
- Macedonia (Republic of North)
- Malawi
- Malaysia
- Malta
- Mauritania
- Mauritius
- Mexico
- Morocco
- Mozambique
- Netherlands
- New Zealand
- Nicaragua
- Nigeria
- Norway
- Oman
- Pakistan
- Palestine
- Panama
- Paraguay
- Peru
- Philippines
- Poland
- Portugal
- Puerto Rico
- Qatar
- Romania
- Sao Tome & Principe
- Saudi Arabia
- Senegal
- Serbia
- Singapore
- Slovakia
- South Africa
- Spain
- Sri Lanka
- Swaziland
- Sweden
- Switzerland
- Taiwan
- Tajikistan
- Tanzania
- Thailand
- Tunisia
- Turkey
- UAE
- Uganda
- Ukraine
- United Kingdom
- Uruguay
- Venezuela
- Vietnam
- Zambia
- Zimbabwe
- AI, analytics and cloud services
- Audit and assurance
- Business applications
- Family office services
- Financial consulting
- Global business services
- Managed services and outsourced solutions
- Management consulting
- Mergers and acquisitions
- Private client
- Private company
- Public company
- Risk consulting
- Tax services
- See all services and capabilities
Technology alliance platforms
Platform user insights and resources
Spotlight on culture
Since joining RSM, I’ve been impacted most by our culture. I’m so grateful to work for a firm that sees the value each person brings to a team.
Spotlight on culture
I am always amazed by the strength of character of our people, and how they demonstrate RSM’s values each day with our clients and each other.
Article
Sample letter to companies regarding their XBRL disclosures
RSM provides updated guidance for board members and audit committees serving public and private companies
Latest insights
For too many boards, the audit committee remains a catch-all for issues that don’t seem to fit. Directors share strategies for challenging the status quo.
Ideas and analysis
Stay on top of changes and updates to financial reporting with help from our accounting thought leaders.
Webcast series
Each quarter, our leaders update businesses on recently issued and proposed accounting guidance.
Subscribe to Financial Reporting Insights
Stay informed with our biweekly resource for recent financial reporting developments, including AICPA, SEC, PCAOB matters and other finance and accounting compliance considerations.
RSM US LLP is a limited liability partnership and the U.S. member firm of RSM International, a global network of independent assurance, tax and consulting firms. The member firms of RSM International collaborate to provide services to global clients, but are separate and distinct legal entities that cannot obligate each other. Each member firm is responsible only for its own acts and omissions, and not those of any other party. Visit rsmus.com/about for more information regarding RSM US LLP and RSM International.
© 2024 RSM US LLP. All rights reserved.