Publishes Report on Readiness of the Market XBRL US, the national consortium for XML standards for business and financial information reporting, applauds the actions of the Securities and Exchange Commission (SEC) which voted unanimously yesterday to propose mandating the use of XBRL (Extensible Business Reporting Language) for public company filings to the SEC’s EDGAR database. […more]
June, 2025 GovFin 2025: Designing a Digital Future, moves online to maximize reach, features hands-on workshop for government finance officers. The 2-day conference will be held fully online to reach more state and local government financial officers and will feature workshop training on how machine-readable financials can be prepared. Attendees will have access to tools, […more]
The Securities and Exchange Commission (SEC) has amended most of its fee-bearing forms and schedules to require filers to present filing fee calculations in a separate exhibit structured in Inline XBRL format as outlined in the final rule “Filing Fee Disclosures and Payment Methods Modernization”. Large accelerated filers began complying with the new rule in […more]
Enrollment in EDGAR Next, the Securities and Exchange Commission (SEC) rule is well underway. Registrants must be enrolled by year-end 2025. This rule presents an important change in how public companies and investment management companies will submit filings to the SEC EDGAR System. This webinar builds on our March 5, 2025 session that covered the […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 Schemas: https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd May […more]
The Data Quality Committee (DQC) seeks comment through May 31 on eight new automated checks for US GAAP filers. XBRL US Members and public company personnel can evaluate these rules with our secure service to check their filings with version 27.
The Meta Model incorporates expressive relationships that help preparers identify the appropriate elements for tagging in their filings, support data users in consuming data, and facilitate the creation of business rules. By conveying attribute information and illustrating how elements relate to one another, the Meta Model enhances data usability and interpretation. Join the FASB and […more]
75% of disclosures reported to the Securities and Exchange Commission (SEC) under Securities Act Section 7, Exchange Act Sections 13 and 14 are submitted in structured, standardized format. The SEC opts for structured data because of the benefits it brings to investors, markets and issuers. Since 2015, XBRL US’ Data Quality Committee (DQC) has been […more]
Registration is open for an upcoming Financial Accounting Standards Board (FASB) webinar:2025 GAAP and SEC Reporting Taxonomy Improvements and SEC Update. The discussion will include the following: A panel discussion featuring Joe Atkinson, Global Chief AI Officer for the PwC Network of Firms, PwC, and Daniel Vial, Data Scientist, U.S. Securities and Exchange Commission (SEC) Office […more]
The national consortium for
the business reporting standard
