Newsletter for the Reporting Standard of Business and Government

March, 2026

Mary Grace Davenport, former PwC Partner and leading digital subject matter expert on technology and business process controls, will keynote AI and Structured Data Forum, May 15. During her tenure at PwC, she led the digital vertical supporting audit methodology and inspection matters related to technology and controls including emerging technologies and third party assurance reporting. The one-day forum, which takes place at Stevens Institute of Technology in Hoboken, New Jersey, features discussions about AI, audit and assurance, decentralized finance, and machine learning and structured data. Learn more and register.

U.S. Treasury seeks comments on GENIUS Act rule proposal. The GENIUS Act Notice of Proposed Rulemaking Concerning State-Level Regulatory Regimes applies to payment stablecoin issuers with a consolidated total outstanding issuance of no more than $10,000,000,000. These issuers can opt for state-level regulation, as long as the state regulation is substantially similar to the federal regulatory framework. The rule proposal establishes principals for making that determination. Comments are due on June 2, 2026. Read the announcement.

SEC and CFTC announce MOU to guide coordination and collaboration between the two agencies. The Securities and Exchange Commission and the Commodity Futures Trading Commission announced that they have entered into a Memorandum of Understanding (MOU) to harmonize policies and practices including in these areas: ".. (1) providing regulatory clarity and certainty built on technology-neutral regulations, frameworks that account for emerging technologies, transparent decision-making, and well-defined regulatory boundaries; (2) sharing information and data concerning issues of common regulatory interest to fulfill their respective regulatory mandates… (3) closely coordinating and cooperating to remove obstacles where appropriate, to the lawful introduction of novel derivative products, crypto asset products, or other products to market participants, customers, and investors; and (4) enhancing the functioning of the underlying markets.

SEC Chair Atkins was quoted in the announcement, "This updated Memorandum of Understanding will serve as a roadmap for a new era of harmonization between the agencies – one that is critical to support U.S. leadership in this next chapter of financial innovation. By aligning regulatory definitions, coordinating oversight, and facilitating seamless, secure data sharing between agencies, we will ensure our rules and regulations deliver the clarity market participants deserve."

Member News and Events

Webinar: 2026 GAAP and SEC Reporting Taxonomy Improvements and SEC Update - April 14, 1 PM EDT - Learn more and register.

Post: Biggest Taxpayers by Country - Read the blog.

Post: Where Companies Send Their Taxes - Read the blog.

News: Auditchain Labs AG Joins XBRL US to Pioneer Disclosure Automation for Crypto Assets - Read the blog.

XBRL US Events

Conference: States Step In - Corporate Climate Reporting, April 21, 2026 in San Francisco, CA
This half-day program features speakers from the AICPA, Crowe LLP, the International Financial Reporting Foundation (IFRS), Pure Storage, Ropes & Gray, and more to be confirmed. Join the discussion about the status of global climate reporting, the role of states in U.S. sustainability reporting, and how stakeholders are managing multiple mandates. Register to request to attend (seating is limited): https://xbrl.us/260421

Conference: AI and Structured Data Forum - Optimizing Performance, May 15, 2026 in Hoboken, NJ.
This full day forum, co-produced by the Center for Research toward Advancing Financial Technologies (CRAFT) and XBRL US, will explore how structured, standardized data improves the ability of large language models to accurately and consistently understand data, and facilitates data interoperability for reduced friction in decentralized finance applications like blockchain. Learn more and register: https://xbrl.us/ai-data-forum

Webinar replay: AI Meets Auditing: Building Smarter Accounting Estimates with Multi-Agent LLMs
Explore how multi-agent AI systems powered by LLMs could change how estimates are prepared, and refine and improve the accuracy of accounting estimates.
Watch: https://xbrl.us/260401

Webinar replay: XBRL Reporting for Special Purpose Acquisition Companies
SPACs are required to prepare prospectus disclosures and financial data in XBRL for the first time. Learn from a review of the rule and demonstration of XBRL tagging requirements.
Watch: https://xbrl.us/260311

XBRL US Meetings

The Data Quality Committee (DQC) met on Wednesday, March 18 and approved version 29 of Rules and Guidance for SEC filers. The next meeting of the DQC is June 25 https://xbrl.us/dqc-260625

The Domain Steering Committee will meet Tuesday, April 21 at 2 PM ET. https://xbrl.us/events/dsc-260421 - all XBRL US Members are invited to attend

The Communications Steering Committee will meet Tuesday, April 21 at 3 PM ET. https://xbrl.us/events/csc-260421 - all XBRL US Members are invited to attend

The Regulatory Modernization Working Group will meet Tuesday, April 14 at 3 PM ET. (membership@xbrl.us for details)

The Standard Government Reporting Working Group will meet Tuesday, April 28 at 12:30 PM ET. (membership@xbrl.us for details)

The Technical Advisory Committee (XTAC) will meet on Wednesday, April 15 at 4 PM ET. (membership@xbrl.us for details)

The Academic Subcommittee will meet Friday, April 10 at 11 AM ET. (membership@xbrl.us for details)

XBRL US Articles, White Papers, and Blogs

Blog: Getting XBRL in LLMs for as-filed research
It's generally accepted that structured data improves analysis. Recent advances in artificial intelligence mean getting machines to find and access machine-understandable structured data is also getting better. Read this post to learn how to use a Model Context Protocol (MCP) server to use XBRL FERC and SEC data from the XBRL API in your LLM subscription. Read the post.

Creating a Cleaner, Semantic Data Model
One of the strongest forces driving modernization of the XBRL Technical Specification is the rapid rise of artificial intelligence. Structured data consistently outperforms unstructured formats in machine‑learning environments. But structure alone isn’t enough. AI systems perform best when the underlying data model is clean, predictable, and easy to interpret. The semantic model (the taxonomy) is the key to how machines understand reported facts. As AI becomes a standard tool for analysts, regulators, investors and data scientists, the clarity of that semantic model becomes just as important as the data itself. Read the post.

Scott Theis is President/CEO, Novaworks; Chair, XBRL US Domain Steering Committee (DSC); Leader, XBRL Technical Advisory Committee for XBRL US (XTAC); Member, XBRL Standards Board and OIM Working Group.

XBRL US Members are committed to engaging and collaborating with other members, contributing to the standard through involvement of their teams, and striving to build awareness and educate the market. Members of XBRL US represent the full range of the business reporting supply chain.

Not yet an XBRL US member? Maybe it's time to consider joining XBRL US for yourself ($55 - $550/ year) or your organization (fees vary). Find out more about the benefits of membership and how to become involved by visiting https://xbrl.us/benefits.