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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]
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]
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.
The Financial Accounting Standards Board (FASB) issued the proposed 2025 Data Quality Committee Rules Taxonomy (DQCRT), which focuses on the XBRL US Data Quality Committee’s (DQC) validation rules for regulator use. The proposed 2025 DQCRT would add the following DQC Rules: DQC 0108: Fact Value Consistency Over Time DQC 0109: Concentration Risk DQC 0112: Line […more]
XBRL US submitted a comment letter in response to the consultation on the Proposed IFRS Taxonomy Update 2024: IFRS 18 Presentation and Disclosure in Financial Statements. The XBRL US letter provided input to the proposed update related to attributes on concepts, non-gaap elements, and expenses by nature. Read the letter: XBRL US Comment RE IFRS […more]
XBRL US is pleased to announce, Digital Reporting for Measurable Results: Climate, Corporate, Government, a one-day conference to be held in Washington, DC, November 14, 2024. The program will address the expanding demand for digital regulatory reporting of climate and financial data by corporations and governments in the United States, and the impact on all […more]
XBRL US commented on the Securities and Exchange Commission (SEC) request concerning the draft Cybersecurity Disclosure (CYD) taxonomy which was developed to support the final rule, Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure. Taxonomy files are included here. The XBRL US letter pointed out mismatches between the draft Taxonomy and the Guide, and asked for […more]
The Financial Accounting Standards Board (FASB) has issued a Proposed Taxonomy Implementation Guide, Income Taxes (Topic 740), which is based on the 2024 GAAP Financial Reporting Taxonomy. The proposed Guide demonstrates the modeling for the reporting of income taxes under FASB Accounting Standards Codification® Topic 740. Interested parties may submit comments on the proposed Guide on […more]
Carbon Accountable, a climate data policy initiative focused on corporate transparency in greenhouse gas (GHG) emissions reporting, published the paper CA SB 253: A Regulations Roadmap which aims to demonstrate the feasability of adopting regulations and implementing SB 253 expeditiously. The Climate Corporate Data Accountability Act (SB 253) was signed into law in 2023. It […more]
The Financial Accounting Standards Board published proposed GAAP Taxonomy Improvements for public exposure periods and has requested comment as follows: The FASB recently re-exposed for comment Proposed GAAP Taxonomy Improvements for Proposed Accounting Standards Update—Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The Taxonomy Staff is interested in feedback on […more]
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