The International Financial Reporting Standards (IFRS) Taxonomy is the global standard issued by the IFRS Foundation to mark up electronic IFRS financial statements. By providing the IFRS Taxonomy, the International Accounting Standards Board can ensure that the taxonomy used is an accurate representation of International Financial Reporting Standards (IFRS Standards). SEC’s IFRS Taxonomy FAQ 2023 IFRS Taxonomy […more]
The Financial Accounting Standards Board (FASB) staff recently issued for comment the following: Proposed technical and other conforming improvements for the 2024 SEC Reporting Taxonomy (SRT) (File Reference No. 2024-1000) The comment period for the proposed technical and other conforming improvements for the SRT ends on November 6, 2023. Interested parties may provide comments on […more]
Attend this single-day forum to learn about progress toward the implementation goals and progress to date of the Federal Data Transparency Act and the Grants Reporting Efficiency and Transparency (GREAT) Act.
August 2023 Mark Funkhouser to Keynote GovFin 2023: Empowering Governments, Modernizing Reporting, to be held in Washington, DC on November 9, 2023. The former mayor of Kansas City, Missouri, and internationally recognized auditing and municipal finance expert, author, and teacher in public administration, will share his insights at GovFin 2023. In a recent article, Mark […more]
July 2023 XBRL US announced GovFin 2023: Empowering Governments, Modernizing Reporting, to be held in Washington, DC on November 9, 2023. This one-day conference features speakers from the Data Foundation, the Federal Energy Regulatory Commission (FERC), the Global LEI Foundation (GLEIF), the Municipal Securities Rulemaking Board (MSRB), the Securities and Exchange Commission (SEC), The Cato […more]
The Data Quality Committee (DQC) seeks comment through Wednesday, August 31 on three new automated checks for US GAAP filers and corresponding Guidance as an FAQ supplement to FASB’s Implementation Guide: Financial Instruments – Debt Securities. XBRL US Members and public company personnel can evaluate these rules with our secure service to check their filings with version 19.
June 2023 SEC report on public and internal use of machine-readable data published to support FDTA implementation. The Securities and Exchange Commission (SEC) published their first Semi-Annual Report to Congress: Regarding Public and Internal Use of Machine-Readable Data for Corporate Disclosures, June 2023. This report is required under the Financial Data Transparency Act (FDTA), Section […more]
May 2023 XBRL US publishes white paper, “Data Standards and the FDTA”, sponsored by Donnelley Financial Solutions (DFIN). The paper explores the current state of data management among agencies and provides a roadmap to meet the achievable goals laid out in the FDTA. It describes the current state of 400+ data sets collected by covered […more]
April 2023 SEC to host Municipal Securities Disclosure Conference on May 10, 2023. The program agenda will cover the Financial Data Transparency Act (FDTA), voluntary disclosures, risks, and current disclosure topics. Members are encouraged to attend and registration is required (deadline to register May 5, 2023). SEC announced that they had reopened the comment period […more]
March 2023 Online training programs from XBRL US are now freely available for regulators, developers and businesses. Three programs covering XBRL Fundamentals, Understanding the US GAAP Taxonomy, and Introduction to XULE (an open source processing language) have been developed to educate stakeholders in the reporting ecosystem. The first two programs include short videos and quizzes […more]
The national consortium for
the business reporting standard
