XBRL US responded to the Department of Commerce Request for Information on AI and Open Government Data Assets. The XBRL US letter stated, “We agree with the Department of Commerce view that AI systems should be powered by data that is not just machine-readable and accessible, but that is ‘machine-understandable’. Artificial intelligence has enormous potential […more]
The International Financial Reporting Standards (IFRS) Taxonomy is the global standard issued by the IFRS Foundation to mark up electronic IFRS financial statements. By providing the IFRS Taxonomy, the International Accounting Standards Board can ensure that the taxonomy used is an accurate representation of International Financial Reporting Standards (IFRS Standards). SEC’s IFRS Taxonomy FAQ 2024 IFRS Taxonomy […more]
Attend this 75 minute webinar to hear from the SEC’s Division of Investment Management about the Tailored Shareholder Report rule for mutual funds and ETFs. Learn about rule requirements, how workflow could change, and how to comply.
December, 2023 Happy New Year, and welcome back from the holidays! We’re excited about the opportunities ahead in 2024 – here’s a short preview of what to expect: Continued support for the Financial Data Transparency Act (FDTA), with planning underway for a workshop in Colorado focused on government reporting, ongoing engagement with FSOC agencies, legislative […more]
November 2023 XBRL US GovFin 2023 Conference session videos now available. Hear the discussions with regulators from the Securities and Exchange Commission, the Federal Regulatory Commission, and the Federal Deposit Insurance Corporation; standards organizations including the Governmental Accounting Standards Board (GASB), and the Global LEI Foundation; and municipal reporting experts from Funkhouser & Associates, Tenbar […more]
IGM’s leadership team has been addressing the challenges of manual processes within the finance office since 2007. Our founder’s vision served as the baseline for pioneering transformative solutions that enable organizations to effortlessly navigate through continual innovation and evolving regulations. Leveraging this extensive knowledge and experience, IGM developed its flagship application “Gravity” – to automate […more]
August 2023 Mark Funkhouser to Keynote GovFin 2023: Empowering Governments, Modernizing Reporting, to be held in Washington, DC on November 9, 2023. The former mayor of Kansas City, Missouri, and internationally recognized auditing and municipal finance expert, author, and teacher in public administration, will share his insights at GovFin 2023. In a recent article, Mark […more]
Are data standard requirements for municipal bond issuers as outlined in the FDTA just a “solution in search of a problem”? Hear from government entities and data users about how they analyze government financial data today. Learn about their wish list on how to improve the usefulness of data used for peer analysis and policy […more]
The Data Quality Committee (DQC) seeks comment through Wednesday, August 31 on three new automated checks for US GAAP filers and corresponding Guidance as an FAQ supplement to FASB’s Implementation Guide: Financial Instruments – Debt Securities. XBRL US Members and public company personnel can evaluate these rules with our secure service to check their filings with version 19.
Attend this single-day forum to learn about progress toward the implementation goals and progress to date of the Federal Data Transparency Act and the Grants Reporting Efficiency and Transparency (GREAT) Act.
The national consortium for
the business reporting standard
