News from XBRL International

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Posted Tuesday, March 4, 2025

Point of View

The XBRL US Standardized Statement Taxonomy normalizes core concepts for commercial and industrial company balance sheets, income statements, and cash flow statements. Learn how you can query normalized data in our Public Filings Database and use a web-based Python notebook to run a XULE expression and generate the normalized output (XML or JSON) of your favorite company financials created with the 2024 US GAAP Taxonomy.


Posted Tuesday, March 4, 2025

Newsletter for the Reporting Standard of Business and Government

February, 2025 Early registration is now open for GovFin 2025: Designing a Digital Future, July 30-31, 2025 in Denver, Colorado. This 1 ½ day conference features keynote speaker David M. Walker, former United States Comptroller General, plus speakers confirmed to date from the Governmental Accounting Standards Board (GASB); the Ohio State Auditor’s Office; the Washington […more]


Posted Friday, February 28, 2025

Approved Validation Rules

The Data Quality Committee approved version 23 of freely-available rules and guidance in January. There are now 135 automated checks helping US GAAP and IFRS filers detect and resolve inconsistencies or errors in XBRL-formatted financials before submission to the Securities and Exchange Commission.


News

Posted Tuesday, February 11, 2025

Acting SEC Commissioner Requests Court Delay on Climate Rule; Commissioner Crenshaw Dissents

Acting Chair of the Securities and Exchange Commission (SEC) Mark Uyeda published a statement regarding the litigation surrounding the SEC rule, The Enhancement and Standardization of Climate-Related Disclosures for Investors. The Statement raises the concerns expressed about the rule in his own and in SEC Commissioner Pierce’s previous statements about the rule and notes, “These […more]


Posted Tuesday, February 4, 2025

SEC EDGAR System Supports 2024Q3 Version of Fund (FND) Taxonomy

The Securities and Exchange Commission (SEC) announced that the Feb 3 interim release (25.0.1) of the EDGAR System now supports the 2024q3 version of the Fund (FND) taxonomy. This version of the FND taxonomy contains an update necessary for compatibility with the 2024Q3 version of the Open-End Fund (OEF) taxonomy so that filers can use […more]


Posted Tuesday, February 4, 2025

January 2025 Newsletter

January, 2025 XBRL US comments on the Canadian Securities Authorities (CSA) Notice and Request proposal to modernize the continuous disclosure regime for investment funds. The aim of the amendment is to make improvements that will benefit investors, investment fund managers, and other stakeholders.The XBRL US letter suggested that the CSA amend the proposal to include […more]


News

Posted Wednesday, January 29, 2025

FASB RFC: GAAP Taxonomy Improvements on Accounting Changes and Segments

The Financial Accounting Standards Board (FASB) published a request for comment on proposed GAAP Taxonomy Improvements related to accounting changes and segment reporting after adoption of Accounting Standards Update 2023-07.  The comment period for the proposed Guide on accounting changes ends on February 21, 2025. The comment period for the proposed Guide on segments ends […more]


News

Posted Tuesday, January 21, 2025

SEC Commissioner Mark T. Uyeda Named Acting SEC Chair

The Securities and Exchange Commission (SEC) announced today that Mark T. Uyeda has been named acting Chair of the SEC. It is expected that former SEC Commissioner Paul Atkins will be nominated to run the SEC on a permanent basis. Read the announcement.


News

Posted Tuesday, January 14, 2025

XBRL US Comments on SEC SPAC Taxonomy

XBRL US responded to the Securities and Exchange Commission (SEC) Draft 2025 SPAC Taxonomy and Draft Taxonomy Guide,which will be used by registrants to satisfy requirements of the final rule, Special Purpose Acquisition Companies, Shell Companies, and Projections. Comments submitted centered on the taxonomy use of open hypercubes, dimensions, data types, text block elements, mismatch […more]


News

Posted Thursday, January 9, 2025

SEC Draft XML NDSP Schema for FOCUS Report Published for Review

The Securities and Exchange Commission published the Draft XML Schema and supporting materials that will be used to support the final rule for Electronic Submission of Certain Materials Under the Securities Exchange Act of 1934; Amendments Regarding the FOCUS Report The Commission is accepting technical feedback regarding the schema and materials until 4 pm ET, […more]


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