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.
Updates by topic:
SEC Reporting || Industries || Government || Using Data
The U.S. Federal Data Strategy Plan, which provides a common set of data principles and best practices in implementing data innovations, was published on December 31, 2019. Annual action plans identify and prioritize practice-related steps for the year, and include targeted time frames and responsible entities. The plan outlines Agency Actions, Community of Practice Actions, and […more]
The GREAT (Grants Reporting Efficiency and Transparency) Act, which calls for data standards in grants reporting, was signed into law by the President on December 30, 2019. Key provisions of the bill include: Section 2. Purpose. The legislation is designed to modernize reporting by Federal grants recipients; implement recommendations of the Office of Management and […more]
The GREAT (Grants Reporting Efficiency and Transparency) Act was passed by both the House and the Senate and now awaits the President’s signature. The GREAT Act calls for data standards in grants reporting, and defines data standards as those that will: “(1) render information reported by recipients of Federal awards fully searchable and machine-readable; “(2) be nonproprietary; […more]
The Federal Energy Regulatory Commission (FERC) announced that the initial draft of the FERC Taxonomy, which the Commission has been developing for entities filing FERC forms 1, 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 6-Q, 60 and 714, is now available, along with supporting documents, at https://www.ferc.gov/docs-filing/forms/forms-refresh.asp. The taxonomy can be viewed in […more]
The SEC published a rule proposal on Disclosure of Payments by Resource Extraction Issuers. The rule would require resource extraction issuers to include in an annual report information relating to payments made to a foreign government or the Federal Government for the purpose of the commercial development of oil, natural gas, or minerals. Section 13(q) requires these […more]
XBRL US submitted a comment letter to the Regulatory Oversight Committee (ROC) in response to a Consultative Document on LEI Eligibility for General Government Entities. Our comment letter made the following points: Collecting government financial data in U.S. markets, in an efficient, automatable fashion is becoming a more likely scenario, given recent initiatives driving greater […more]
XBRL US submitted a comment letter responding to the SEC proposal, Update of Statistical Disclosures for Banks and Savings and Loan Registrants. The letter noted that we strongly disagree with the proposal as stated which does not require the use of data standards for reported information that is highly financial in nature. Data reported through Guide […more]
Novaworks LLC posted a blog describing the newly released Taxonomy Development Handbook (TDH). Read the blog. Access the TDH and participate in the public review.
Regulators, data analytics & software providers, reporting entities are invited to review XBRL US, the nonprofit standards organization, published an initial exposure draft of the Taxonomy Development Handbook (TDH), a comprehensive guide that directs regulators, industry experts, and businesses through a practical, consistent roadmap to building high quality data standards using XBRL. The handbook walks […more]
SEC filers, investors, XBRL providers encouraged to review and comment The XBRL US Data Quality Committee (DQC) has published its 11th Ruleset for a 45-day public review and comment period, which closes on January 3, 2020. DQC rules aid issuers in preparing consistent, error-free financials, by providing automated checks that test an XBRL-formatted financial statement […more]
The national consortium for
the business reporting standard
Comment
You must be logged in to post a comment.