XBRL US submitted a comment letter to the Governmental Accounting Standards Board (GASB) in response to their public exposure of Project No. 3-20 (Recognition of Elements of Financial Statements) and Project No. 3-25 (Financial Reporting Model Improvements). Our letter emphasized the importance of considering how state and local government data is used, noting: We believe […more]
The Securities and Exchange Commission (SEC) announced that the FASB had published two new proposed implementation guides based on the 2021 US GAAP Financial Reporting Taxonomy which is currently under consideration by the SEC. The two proposed guides are available during a public comment period as noted below and will cover: Dimensional Modeling for Disclosures […more]
XBRL US submitted a letter commenting on the Office of Management and Budget (OMB) – Proposed Designation of Databases for Treasury’s Working System Under the Do Not Pay Initiative. The OMB proposal would add 12 databases to the DoNotPay (DNP) web portal, which federal agencies use to evaluate, track, and monitor the individuals and organizations […more]
Browse the growing list of tools and services offered by XBRL US Members and designed to support FERC filing requirements. Contact details for providers is in this PDF.
On February 3, 2021, the Securities and Exchange Commission (SEC) announced that they will be releasing a limited access pilot test environment for beta-testers, to help filers and vendors try out the impact of a new URL that will be used for EDGAR submissions. The test environment, EDGAR BETA, will give filers and vendors early […more]
The Securities and Exchange Commission announced the appointment of Satyam Khanna in a new role as Senior Policy Advisor for Climate and ESG in the office of Acting Chair Allison Herren Lee. This new SEC position will focus on advising the agency on environmental, social, and governance matters, and to advance new initiatives across the […more]
Certain axes in the IFRS taxonomy should only have certain members, otherwise consumption of the data is adversely impacted because the resulting axis and member combinations are nonsensical. This guidance provides limitations on the use of certain axis and member combinations that should be adhered to when tagging financial information using the IFRS Taxonomy.
XBRL US submitted a letter commenting on the MSRB’s Strategic Goals and Priorities which asks the MSRB to consider how data standards would impact the current EMMA (Electronic Data Municipal Markets Access) data collection and dissemination process. We pointed out that we support the use of data standards to improve efficiencies in the reporting and […more]
December, 2020 XBRL US commented on SEC proposal on tailored shareholder reports. The SEC proposal, Tailored Shareholder Reports, Treatment of Annual Prospectus Updates for Existing Investors, and Improved Fee and Risk Disclosure for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements, recommends changes to modernize the disclosure framework for open-end management investment […more]
On December 22, the Securities and Exchange Commission (SEC) published Rule 144 Holding Period and Form 144 Filings, which proposes to change the securities holding period start time and to mandate the electronic filing of Form 144 for securities subject to Exchange Act reporting requirements. The section of the proposal on Format requirements, states: While […more]
The national consortium for
the business reporting standard
