Sample letter to companies regarding their XBRL disclosures

Sep 29, 2023
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.

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.