XBRL US, Inc., the nonprofit consortium dedicated to the adoption of XBRL (Extensible Business Reporting Language), published the draft of the XBRL US GAAP Taxonomies (collection of financial reporting concepts) for public review and comment. The public comment period provides an opportunity for stakeholders such as public company preparers, investors, financial analysts, auditors and software […more]
The Securities and Exchange Commission (SEC) announced that the EDGAR Next Beta environment has been updated to require testers to present Login.gov account credentials to access EDGAR Filing, EDGAR Online Forms, and EDGAR Filer Management, and to make test filings. Testers can now also select the CIK that will display in the first 10 digits […more]
By Michelle Savage, Vice President, Communications, XBRL US Let global entities submit the same digital report sent to other regulators. Give entities that only report in California an open-source (free) tool. Regulations being developed by the California Air Resources Board (CARB) will require certain entities that do business in California to prepare Greenhouse Gas (GHG) […more]
May, 2025 XBRL US responded to an SEC Request for Comment on Interactive Data. The Securities and Exchange Commission Proposed Collection; Comment Request; Extension: Interactive Data is a standard notice, pursuant to the Paperwork Reduction Act, seeking input on whether the collection of data is necessary, on the accuracy of the Commission burden estimate, on […more]
The Financial Accounting Standards Board (FASB) announced request for comment on: Proposed Improvements for the 2025 GAAP Financial Reporting Taxonomy Reference Project (Release Notes) File Reference No. 2025-2650, which address the assignment of reference roles, review of reporting requirements during the reference project and improvements made to improve the utility of the taxonomy. The comment […more]
The Financial Accounting Standards Board (FASB) issued the proposed 2025 Data Quality Committee Rules Taxonomy (DQCRT), which focuses on the XBRL US Data Quality Committee’s (DQC) validation rules for regulator use. The proposed 2025 DQCRT would add the following DQC Rules: DQC 0108: Fact Value Consistency Over Time DQC 0109: Concentration Risk DQC 0112: Line […more]
July, 2024 Multiple FSOC Agencies Approve and Publish FDTA Rule Proposal. The Federal Deposit Insurance Corporation (FDIC), Securities and Exchange Commission (SEC), Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board published the draft rule proposal on their websites. The FDIC was the first to publish the rule which was announced through a statement […more]
April, 2024 XBRL US GovFin 2024: Municipal Reporting Workshop to take place in New York, NY, July 29-30, 2024. The 1 ½ day conference, hosted by PwC at 300 Madison Avenue, will address the implications of the Financial Data Transparency Act (FDTA) on municipal bond market stakeholders, from government bond issuers to portfolio managers and […more]
April, 2024 XBRL US GovFin 2024: Municipal Reporting Workshop to take place in New York, NY, July 29-30, 2024. The 1 ½ day conference, hosted by PwC at 300 Madison Avenue, will address the implications of the Financial Data Transparency Act (FDTA) on municipal bond market stakeholders, from government bond issuers to portfolio managers and […more]
Looking for resources to help students and colleagues understand the most significant development in accounting since double entry?
The XBRL US Academic Subcommittee is sharing materials designed to provide an overview of standardized data, generate discussion about its benefits as a research tool and get deep in the data with case studies, tools and scripts for analyzing data submitted to US and European regulators.
The national consortium for
the business reporting standard
