News from XBRL International

From the News from the SEC's Office of Structured Disclosure

From the Federal Register


The latest for and from Governments

Posted Thursday, October 6, 2022

September 2022 Newsletter

September, 2022 XBRL US weighs in on technical aspects of the IFRS Sustainability Disclosure Taxonomy. The IFRS requested input on taxonomy groupings, use of dimensions, narrative information, modeling metrics and other topics. The XBRL US comment addressed IFRS staff recommendations on the [Draft] IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information; and [Draft] […more]


News

Posted Tuesday, October 4, 2022

FASB Publishes Technical & Other Improvements for 2023 GAAP Taxonomy

The Financial Accounting Standards Board (FASB) announced the start of a public review period for proposed technical and other conforming improvements for the 2023 GAAP Financial Reporting Taxonomy. The comment period is set to close on November 3, 2022. Read the Announcement with information on how to submit comments: FASB Staff Issues Proposed Technical Improvements […more]


Posted Wednesday, September 28, 2022

Approved Validation Rules

The Data Quality Committee approved version 17 of freely-available rules and guidance in January. There are now 91 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.


Posted Monday, September 12, 2022

SEC CEF and BDC Q&A

SEC CEF and BDC Q&A Do the Risk Factors section of the 10-Q or 10-K need to be tagged if the company refers to the prior filing that indicates there are no further updates or changes? A: It is assumed if the risk factors are not tagged this infers that the risk factors have not […more]


Posted Tuesday, September 6, 2022

FASB Launches Public Review for DQCRT

The Financial Accounting Standards Board (FASB) announced the start of a public review period for the proposed 2023 DQC Rules Taxonomy (DQCRT) which adds the following DQC Rules: • DQC 0013: Negative Values with Dependence • DQC 0015: Negative Values • DQC 0047: Calculation Descendants with No Balance Type • DQC 0053: Excluded Members from […more]


Posted Tuesday, September 6, 2022

August 2022 Newsletter

The Small Business Administration (SBA) streamlined their Surety Bond Guarantee Program with XBRL automation. The head of the SBA, Administrator Isabella Casillas Guzman, noted in their release, “SBA’s Surety Bond Guarantees are critical for small businesses to be able to qualify, compete for, and complete major projects—including many of the improvement projects being funded as […more]


News

Posted Thursday, August 25, 2022

SEC Final Rule on Pay Vs Performance Requires Inline XBRL

The Securities and Exchange Commission (SEC) announced their final rule on Pay Versus Performance, which requires issuers to disclose in any proxy or consent solicitation material compensation-related information including the relationship between executive compensation paid and financial performance of the issuer. The final rule requires registrants to separately tag each value disclosed in the table, […more]


XBRL Taxonomy

Posted Tuesday, August 16, 2022

2022Q3 US GAAP Taxonomy Supplement

The 2022 Q3 Supplemental GAAP Taxonomy which is made up of improvements to the GAAP Financial Reporting Taxonomy and the SEC Reporting Taxonomy (collectively referred to as the “GAAP Taxonomy”) includes improvements for the U.S. Securities and Exchange Commission (SEC) Release Nos. 33–10771; 34–88606; IC–33836. That release requires that a business development company submit financial […more]


News

Posted Tuesday, August 16, 2022

SEC Announces EDGAR Upgrade to Support FASB Q3 Supplemental GAAP Taxonomy

The Securities and Exchange Commission (SEC) announced today that they have upgraded the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system to Release 22.2.2 and now supports the 2022 Q3 supplemental U.S. Generally Accepted Accounting Principles (GAAP) Financial Reporting Taxonomy and 2022 Q3 supplemental SEC Reporting Taxonomy (SRT). The 2022 Q3 supplements to the US […more]


News

Posted Tuesday, August 16, 2022

FASB Announces SEC Accepts Q3 Supplemental GAAP Taxonomy

The Financial Accounting Standards Board (FASB) announced that the Securities and Exchange Commission (SEC) has accepted the 2022 Q3 Supplemental GAAP Taxonomy. Read the FASB Announcement: SEC Accepts 2022 Q3 Supplemental GAAP Taxonomy (August 162022)  


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