November, 2024 Digital Reporting for Measurable Results: Climate, Corporate, Government event replay now available. The one-day conference, held in Washington, DC, featured keynote United States Congressman Patrick McHenry (R-NC), Chairman of the House Financial Services Committee, sponsor of the Financial Data Transparency Act (FDTA). In his remarks, the Congressman noted, “…there’s been a long intentionality […more]
October, 2024 U.S. Senator Mark R. Warner (D-VA) and U.S. Congressman Patrick McHenry (R-NC) to speak at Digital Reporting for Measurable Results, November 14 in Washington, DC. Congressman McHenry will give a keynote address and Senator Warner will provide special videotaped remarks addressing the importance of the Financial Data Transparency Act (FDTA) which is expected […more]
The Financial Accounting Standards Board (FASB) announced request for comment on: Proposed Improvements for the 2025 GAAP Financial Reporting Taxonomy Reference Project (Release Notes) File Reference No. 2025-2650, which address the assignment of reference roles, review of reporting requirements during the reference project and improvements made to improve the utility of the taxonomy. The comment […more]
The Financial Accounting Standards Board (FASB) announced request for comment on proposed GAAP Taxonomy Improvements for the following Accounting Standards Updates: Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (Release Notes). The change aims to update accounting guidance to better align with how software is developed. The comment period […more]
The Financial Accounting Standards Board (FASB) announced request for comment on: Proposed technical and other conforming improvements to 2025 Employee Benefit Plan (EBP) Taxonomy which is included in the GAAP Financial Reporting Taxonomy. Comments must be submitted by November 18, 2024. (File Reference No. 2025-2600.) Proposed GAAP Taxonomy Implementation Guide, Boolean, Fixed Lists and Extensible […more]
Why the release of the Meta Model Relationships Taxonomy matters
The FASB released the proposed 2025 version of the Meta Model Relationships Taxonomy (Meta Model Taxonomy) for public review. The Meta Model Taxonomy is an important milestone in XBRL as it promises to revolutionize the way accounting standards can be used.
September, 2024 ISSB, Federal Energy Regulatory Commission (FERC), and more new speakers confirmed for XBRL US Digital Reporting for Measurable Results, November 14 in Washington, DC. The one-day conference, hosted by KPMG at their 1801 K Street NW office, will focus on how digital data reporting is being embraced by regulators and investors for climate […more]
The Financial Accounting Standards Board (FASB) announced proposals for new GAAP Taxonomy improvements: For Accounting Standards Update on Derivatives and Hedging (Topic 815); and on Compensation – Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606). The comment period for the taxonomy improvements ends on November 14, 2024. Access the announcement with […more]
The Securities and Exchange Commission (SEC) published the final EDGAR Next rule, EDGAR Filer Access and Account Management. The rule explains the new requirements and also notes a beta site that is planned to aid in the transition. The beta software environment will open starting September 30, 2024, for filer testing and feedback reflecting the […more]
The Securities and Exchange Commission (SEC) announced today the publication of the draft 2025 SEC taxonomies for feedback on the technical design. Comments must be received by November 18, 2024. Refer to the Draft 2025 Release Notes for details of the changes in this draft 2025 update. The draft taxonomy files can be found at https://www.sec.gov/data-research/taxonomies/draft-taxonomy-files-annual-updates.
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