SOC Tip #34

The Privacy principle relates to how personal information is collected, used, retained, disclosed, and disposed of in conformity with the commitments in the entity’s privacy notice and with criteria set forth in Generally Accepted Privacy Principles issued by the AICPA and CICA.

SEC Announces Rules on Resource Extraction Payments

On June 27, 2016, the SEC announced its adoption of rules which will require resource extraction issuers to disclose payments that are not de minimis made to governments for the commercial development of oil, natural gas, or minerals.

SEC to Allow Voluntary Filing Via Inline XBRL

In a move to help modernize the reporting of financial statement data, the Securities and Exchange Commission (SEC) announced it will now allow companies to use eXtensible Business Reporting Language (XBRL) within online reports.

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