Media

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]

Monday, January 27, 2025

XBRL US Comments on Canadian Securities Authority Proposed Amendments

XBRL US commented on the Canadian Securities Authorities (CSA) Notice and Request regarding the 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. Our letter suggested that the CSA amend the proposal to include the […more]

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.

Thursday, January 16, 2025

California Air Resources Board RFC Deadline Extended to March 21, 2025

The California Air Resources Board (CARB) has extended the deadline for comments on regulations to satisfy Senate Bills 253 and 261, to March 21, 2025 in response to the California wildfires. Read the solicitation and announcements.  

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]

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]

Wednesday, December 18, 2024

FERC Taxonomy Will be Updated on March 28, 2025

The Federal Energy Regulatory Commission (FERC) announced that on March 28, 2025, the XBRL taxonomies, validation rules, and rendering files to support FERC Forms 1, 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 60, and 714 will be updated to Version 2025-04-01. Read the announcement: 2025 FASB Taxonomies Now Available (December 16 2024) The […more]

California Air Resources Board RFC on Corporate Greenhouse Gas Reporting Program

The California Air Resources Board (CARB), the state regulator responsible for protecting the public from the impact of air pollution, and developing programs and actions to combat climate change, has published a request for comment related to its climate-related programs, the California Corporate Greenhouse Gas Reporting Program (authorized under Senate Bill 253), and the Climate […more]

Monday, December 16, 2024

2025 FASB GAAP, SRT, Employee Benefit Plan, DQCRT & GAAP Meta Model Taxonomies Now Available

The Financial Accounting Standards Board (FASB) today announced the availability of the 2025 GAAP Financial Reporting Taxonomy (GRT), the 2025 SEC Reporting Taxonomy (SRT), and the 2025 GAAP Employee Benefit Plan Taxonomy (EBPT). The FASB also announced the availability of the 2025 DQC Rules Taxonomy (DQCRT) and 2025 GAAP Meta Model Relationships Taxonomy (MMT), which together with the GRT, SRT, and […more]

SEC Final Rule Electronic Submission of Certain Materials; Amendments Regarding FOCUS Report

The Securities and Exchange Commission (SEC) announced the publication of the final rule on Electronic Submission of Certain Materials Under the Securities Exchange Act of 1934; Amendments Regarding the FOCUS Report. This rule requires certain forms to be prepared in XML and certain forms in Inline XBRL, specifically, the Commission is requiring, as proposed, the […more]