Article

Sample letter to companies regarding their XBRL disclosures

September 29, 2023
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Financial reporting SEC matters Audit

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.

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