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Friday, December 6, 2024

FASB RFC: GAAP Taxonomy Improvements on Measurement of Credit Losses for A/R and Contract Assets

The Financial Accounting Standards Board (FASB) published a request for comment on proposed GAAP Taxonomy Improvements for the following proposed Accounting Standards Update on Topic 326: Measurement of Credit Losses for Accounts Receivable and Contract Assets for Private Companies and Certain Not-for-Profit Entities (Release Notes). Comments will be accepted until January 17, 2025 by emailing […more]

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Tuesday, November 12, 2024

XBRL US Comments on 6th Open Government National Action Plan

XBRL US commented on the 6th Open Government National Action Plan. The request for public comment which was published by the Office of Government-wide Policy (OGP); General Services Administration (GSA) aimed to gather ideas, suggestions, and recommendations for commitments that could be included in the Open Government National Action Plan. The XBRL US letter focused […more]

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Saturday, November 2, 2024

FASB RFC: 2025 GAAP Financial Taxonomy Reference Project & Meta Model Relationships Taxonomy

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]

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FASB RFC: GAAP Taxonomy Updates on Internal-Use Software and Accounting Acquirer in Acquisition of VIE

The Financial Accounting Standards Board (FASB) announced request for comment on proposed GAAP Taxonomy Improvements for the following Accounting Standards Updates: Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (Release Notes). The change aims to update accounting guidance to better align with how software is developed.  The comment period […more]

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Tuesday, October 22, 2024

Senator Mark R. Warner and Congressman Patrick McHenry to Address FDTA at XBRL US Digital Reporting for Measurable Results, Washington, DC, November 14, 2024

NEW YORK, Oct. 22, 2024 /PRNewswire/ — XBRL US is pleased to announce that Senator Mark R. Warner (D-VA) will deliver a special video message, and Congressman Patrick McHenry (R-NC), Chairman of the House Financial Services Committee, will provide a keynote address at the November 14, 2024, conference, Digital Reporting for Measurable Results: Climate, Corporate, Government. The conference, which will be hosted by […more]

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FASB RFC – EBP Taxonomy & Guide on Boolean, Fixed Lists, and Extensible Enumerations

The Financial Accounting Standards Board (FASB) announced request for comment on: Proposed technical and other conforming improvements to 2025 Employee Benefit Plan (EBP) Taxonomy which is included in the GAAP Financial Reporting Taxonomy. Comments must be submitted by November 18, 2024. (File Reference No. 2025-2600.) Proposed GAAP Taxonomy Implementation Guide, Boolean, Fixed Lists and Extensible […more]

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Sunday, October 20, 2024

XBRL US Response to FDTA Rule Proposal

XBRL US submitted comments to the nine Agencies that collaborated on the draft Joint Data Standards for the Financial Data Transparency Act (FDTA). We support the goals of the FDTA to help Agencies provide actionable, good quality data to citizens, businesses, investors, policy setters, governments, and researchers. While we applaud certain elements of the rule […more]

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Wednesday, October 2, 2024

FASB Proposals for New GAAP Taxonomy Improvements – Request for Comment

The Financial Accounting Standards Board (FASB) announced proposals for new GAAP Taxonomy improvements: For Accounting Standards Update on Derivatives and Hedging (Topic 815); and on Compensation – Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606). The comment period for the taxonomy improvements ends on November 14, 2024. Access the announcement with […more]

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Friday, September 27, 2024

SEC Publishes Final EDGAR Next Rule, EDGAR Filer Access and Account Management

The Securities and Exchange Commission (SEC) published the final EDGAR Next rule, EDGAR Filer Access and Account Management. The rule explains the new requirements and also notes a beta site that is planned to aid in the transition. The beta software environment will open starting September 30, 2024, for filer testing and feedback reflecting the […more]

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Wednesday, September 18, 2024

SEC Publishes Draft 2025 SEC Taxonomies for Feedback

The Securities and Exchange Commission (SEC) announced today the publication of the draft 2025 SEC taxonomies for feedback on the technical design. Comments must be received by November 18, 2024. Refer to the Draft 2025 Release Notes for details of the changes in this draft 2025 update. The draft taxonomy files can be found at https://www.sec.gov/data-research/taxonomies/draft-taxonomy-files-annual-updates.    



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