May 2023 XBRL US publishes white paper, “Data Standards and the FDTA”, sponsored by Donnelley Financial Solutions (DFIN). The paper explores the current state of data management among agencies and provides a roadmap to meet the achievable goals laid out in the FDTA. It describes the current state of 400+ data sets collected by covered […more]
March 2023 Online training programs from XBRL US are now freely available for regulators, developers and businesses. Three programs covering XBRL Fundamentals, Understanding the US GAAP Taxonomy, and Introduction to XULE (an open source processing language) have been developed to educate stakeholders in the reporting ecosystem. The first two programs include short videos and quizzes […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 2023 IFRS Taxonomy […more]
Join Novaworks for a free education session to help filers adjust to the changes associated with the SEC’s adoption of final rules regarding Pay Versus Performance, the Executive Compensation Disclosure, and the disclosure of the recovery of erroneously awarded compensation (clawbacks). The 60-minute webinar will cover the following topics: A brief overview of the role […more]
Happy New Year! 2023 will be an especially important year for data standards and XBRL. The Financial Data Transparency Act (FDTA) was just signed into law. The rapid expansion of XBRL requirements for SEC corporate and investment management companies is placing greater demands on our members and on the Commission itself. And there’s a groundswell […more]
The U.S. Congress passed legislation on December 15, 2022 that includes requirements for the Securities and Exchange Commission to adopt data standards related to municipal securities. The Financial Data Transparency Act (FDTA) aims to improve transparency in government reporting, while minimizing disruptive changes and requiring no new disclosures. The University of Michigan’s Center for Local […more]
International investors with global portfolios are increasingly calling for reliable, consistently reported data from companies on climate and other ESG matters. Regulators and standard setters are turning to XBRL as the appropriate data standard to render ESG data fully machine-readable and searchable. Attend this 60-minute session to learn about the benefits of ESG digitization and […more]
Invites public companies and BDCs to a December 14 webinar to learn more The XBRL US Data Quality Committee (DQC) has published its 20th Rule Set with five proposed rules for corporate issuers, and two proposed rules that are specific to business development companies (BDC). Issuers, accountants, filing agents and tool providers are invited to […more]
The 2022 GRIP Taxonomy is a collection of taxonomies for state and municipal reporting. It includes published versions of the Annual Comprehensive Financial Reporting Taxonomy that incorporates a Michigan-specific extension taxonomy, as well as the latest versions of the Grants Reporting Taxonomy and the Single Audit Taxonomy. This resource was developed by the State and Local Government Working Group.
Learn about the meta model relationships which would add base level accounting model relationships, as well as the proposed changes to the 2023 US GAAP Financial Reporting Taxonomy (GRT) related to the policy relationships, that will improve the usefulness of the GRT by including explicit relationships between structured policy election elements and their related monetary or numeric elements.
The national consortium for
the business reporting standard
