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

News Item

Posted Thursday, January 17, 2019

GREAT Act Passes U.S. House of Representatives

The GREAT Act (H.R. 150) unanimously passed the House of Representatives in the 116th Congress. The GREAT (Grants Reporting Efficiency and Agreements Transparency) Act calls for the creation of a comprehensive and standardized data structure (“taxonomy”) covering all reported federal grant and assistance data. Read the bill.

News Item

Posted Thursday, January 17, 2019

Federal Energy Regulatory Commission (FERC) Proposes XBRL Requirement

The Federal Energy Regulatory Commission (FERC) posted a proposal to require the use of XBRL for reporting Commission Form Nos. 1, 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 6-Q, 60, and 714 for utilities. The proposal is out for a 30 day comment period which ends March 6, 2019. Read the proposal.

Posted Tuesday, January 15, 2019

XBRL US Letter RE: Draft Federal Grants Management Data Standards

XBRL US white paper “XBRL US Center for Data Quality, an industry initiative for the common good”, details timeline, milestone and accomplishments to date including significant reduction in errors, greater engagement with regulators and expanding usage of XBRL data.

Posted Monday, January 14, 2019

OPEN Government Data Act Passed

The Open (Open, Public, Electronic and Necessary) Government Data Act passed. The goal of the bill is to improve data portability, openness, and transparency without specifying certain formats or technology. It defines open data, creates minimal standards for making federal government data available to the public, requires the federal government to use open data to […more]

News Item

Posted Wednesday, January 9, 2019

XBRL US Data Quality Committee Approves 7th Ruleset

8th Ruleset published for public review and comment period The XBRL US Data Quality Committee (DQC) has finalized, approved, and published its 7th Ruleset which includes 13 types of validation checks for filings prepared using the US GAAP Financial Reporting Taxonomy as well as two guidance documents. The DQC also published an 8th Ruleset for […more]

XBRL Taxonomy

Posted Tuesday, January 1, 2019

Variable Annuity Taxonomy, Demonstration Release

In October 2018, the United States Securities and Exchange Commission published a rule proposal on Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts with comments due by March 15, 2019. Demonstration Release Taxonomy (.zip) If the proposal is passed as currently written, it will require variable contract registrants to […more]

News Item

Posted Thursday, December 27, 2018

XBRL US Comments on SEC List of Rules Including XBRL Requirements

XBRL US has submitted a comment letter responding to the SEC request for comment on the List of Rules to be Reviewed Pursuant to the Regulatory Flexibility Act. The Regulatory Flexibility Act requires a 10-year review of rules that may impact small businesses. Rules included in the list pertaining to XBRL are: Interactive Data to […more]

XBRL Taxonomy

Posted Tuesday, December 18, 2018

2019 US GAAP Financial and SEC Reporting Taxonomies

The 2019 GAAP Financial Reporting Taxonomy contains updates for accounting standards and other recommended improvements. The 2019 SRT contains updates for the SEC’s authoritative literature in which the underlying recognition and measurement are not specified by GAAP and dimensional elements whose underlying recognition and measurement are not specified by GAAP but that are elements used by GAAP filers.

News Item

Posted Tuesday, December 18, 2018

SEC Posted Request For Comment on Content, Nature & Timing of Earnings Disclosures

Today, the SEC published a request for comment on the nature, content, and timing of earnings releases and quarterly reports made by reporting companies, with an eye towards reducing the burden on public companies while at the same time enhancing the value of the disclosures to investors. Areas they seek to address include: The nature […more]

Posted Monday, December 17, 2018

Public Exposure of Guidance & Validation Rules

In the current public exposure period of rules and guidance for public company filers, the Data Quality Committee (DQC) seeks comment on version 8 of the DQC Rules for Extension Members for US GAAP and IFRS filings and Negative Values for IFRS filings only through Friday, February 1, 2019.