Get the latest news and information about XBRL in the United States. We're also on Twitter with breaking news - twitter.com/xbrlus, and updated event listings - twitter.com/xbrlevents.
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XBRL US submitted a comment letter in response to the Commodity Futures Trading Commission (CFTC) Request for Information on Climate-Related Financial Risk. The XBRL US letter explained the importance of data standards in understanding and conducting oversight of climate-related financial risk by the CFTC. Climate-related financial risks that affect market participants and commodities will inevitably […more]
The Financial Accounting Standards Board (FASB) issued release notes describing the proposed policy election element relationships that will be provided in the GAAP Taxonomy. The goal is to provide relationships in the taxonomy to assist preparers to identify policy elements for consumption of the data, and to write business rules that assist with proper element […more]
The Financial Accounting Standards Board (FASB) announced the start of a public review period for proposed technical and other conforming improvements for the 2023 GAAP Financial Reporting Taxonomy. The comment period is set to close on November 3, 2022. Read the Announcement with information on how to submit comments: FASB Staff Issues Proposed Technical Improvements […more]
In response to the IFRS Request for Feedback on the staff draft of the IFRS Sustainability Disclosure Taxonomy, XBRL US submitted a letter providing input to questions posed by the IFRS regarding technical aspects of the taxonomy such as taxonomy groupings, use of dimensions, granularity of narrative information, modeling metrics, related information, and connections between […more]
The National Association of Surety Bond Producers (NASBP) posted a new blog, featuring XBRL US CEO Campbell Pryde on how the Small Business Administration (SBA) has modernized their process for collecting contractor data needed for the SBA Surety Guarantee Program by leveraging XBRL. Read the post. Listen to a “Let’s Get Surety” podcast about the […more]
The Financial Accounting Standards Board (FASB) announced the start of a public review period for the proposed 2023 DQC Rules Taxonomy (DQCRT) which adds the following DQC Rules: • DQC 0013: Negative Values with Dependence • DQC 0015: Negative Values • DQC 0047: Calculation Descendants with No Balance Type • DQC 0053: Excluded Members from […more]
The Securities and Exchange Commission (SEC) announced their final rule on Pay Versus Performance, which requires issuers to disclose in any proxy or consent solicitation material compensation-related information including the relationship between executive compensation paid and financial performance of the issuer. The final rule requires registrants to separately tag each value disclosed in the table, […more]
Administrator Isabella Guzman who leads the Small Business Administration (SBA), announced changes to streamline the process for small businesses to submit Work-in-Process information used in the SBA Surety Bond Guarantee program by leveraging machine-readable data standards (XBRL). The SBA Surety Bond Guarantee program backs surety bonds for small businesses wishing to submit qualified bids in […more]
The Securities and Exchange Commission (SEC) announced today that they have upgraded the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system to Release 22.2.2 and now supports the 2022 Q3 supplemental U.S. Generally Accepted Accounting Principles (GAAP) Financial Reporting Taxonomy and 2022 Q3 supplemental SEC Reporting Taxonomy (SRT). The 2022 Q3 supplements to the US […more]
The Financial Accounting Standards Board (FASB) announced that the Securities and Exchange Commission (SEC) has accepted the 2022 Q3 Supplemental GAAP Taxonomy. Read the FASB Announcement: SEC Accepts 2022 Q3 Supplemental GAAP Taxonomy (August 162022)
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