The Financial Accounting Standards Board (FASB) today announced the availability of the 2026 GAAP Financial Reporting Taxonomy (GRT), the 2026 SEC Reporting Taxonomy (SRT), and the 2026 GAAP Employee Benefit Plan Taxonomy (EBPT). The FASB also announced the availability of the 2026 DQC Rules Taxonomy (DQCRT) and the 2026 GAAP Meta Model Relationships Taxonomy (MMT), which together with the […more]
The California Air Resources Board (CARB) published the Notice of Public Hearing to Consider the Proposed California Corporate Greenhouse Gas Reporting and Climate-Related Financial Risk Disclosure Initial Regulation (Notice), Staff Report (Initial Statement of Reasons), and proposed regulatory text. Materials were sent to the California Office of Administrative Law (OAL) for their review and approval. […more]
The California Air Resources Board (CARB), on December 1, opened the optional public docket for SB 261, Climate Related Financial Risk Disclosure Program. Entities may choose to voluntarily submit their Climate-Related Financial Risk Report under Senate Bill (SB) 261. CARB noted in an Enforcement Advisory that “On November 18, 2025, the Ninth Circuit Court of […more]
The California Air Resources Board (CARB) held a third workshop regarding SB 253 and SB 261, their climate disclosure rules. During the workshop they noted that they had posted updates to their: FAQs Regarding California Climate Disclosure Requirements Climate Related Financial Risk Report Checklist Slides from the workshop are available here and a video replay […more]
XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) in response to the SEC’s draft 2026 taxonomies. Our letter recommended changes related to the EXCH Taxonomy, SPAC Taxonomy, RXP Taxonomy, VIP Taxonomy, and FFD Taxonomy. Read: XBRL US Ltr RE Draft 2026 SEC Taxonomies
XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) in response to Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rules 17h-1T and 17h-2T. Read: XBRL US Ltr RE SEC Agency Information Collection on Extension Rules 17h-1T and 17h-2T
The Financial Accounting Standards Board (FASB) requested comment on the 2026 Meta Model Relationships Taxonomy. The request, Proposed Improvements for the 2026 Meta Model Relationships Taxonomy (Release Notes), File Reference No. 2026-2700, is out for public comment during a period ending December 1, 2025. Comments on the proposed improvements for the 2026 Meta Model Relationships […more]
XBRL US commented on the California Air Resources Board (CARB) spreadsheet-based reporting template to satisfy reporting of SB 253, the Climate Corporate Data Accountability Act. In our letter we agreed with the approach of providing a free tool for certain reporting entities but also recommended that CARB: Provide an open-source tool (template) that generates digital […more]
The Securities and Exchange Commission (SEC) has upgraded the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system to Release 25.3 and now supports the updated Special Purpose Acquisition Company (SPAC) Taxonomy. Please refer to SEC.gov | Updated Special Purpose Acquisition Company (SPAC) Taxonomy for details of the changes included in this updated version of the SPAC […more]
XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) in anticipation of the SEC’s rule proposal on municipal bond issuance as part of the Financial Data Transparency Act (FDTA) implementation. This letter is a follow-up to our comments submitted in the initial FDTA comment period on October 21, 2024. This response […more]
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