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XBRL US responded to the Securities and Exchange Commission (SEC) Draft 2025 SPAC Taxonomy and Draft Taxonomy Guide,which will be used by registrants to satisfy requirements of the final rule, Special Purpose Acquisition Companies, Shell Companies, and Projections. Comments submitted centered on the taxonomy use of open hypercubes, dimensions, data types, text block elements, mismatch […more]
The Securities and Exchange Commission published the Draft XML Schema and supporting materials that will be used to support the final rule for Electronic Submission of Certain Materials Under the Securities Exchange Act of 1934; Amendments Regarding the FOCUS Report The Commission is accepting technical feedback regarding the schema and materials until 4 pm ET, […more]
The Federal Energy Regulatory Commission (FERC) announced that on March 28, 2025, the XBRL taxonomies, validation rules, and rendering files to support FERC Forms 1, 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 60, and 714 will be updated to Version 2025-04-01. Read the announcement: 2025 FASB Taxonomies Now Available (December 16 2024) The […more]
The California Air Resources Board (CARB), the state regulator responsible for protecting the public from the impact of air pollution, and developing programs and actions to combat climate change, has published a request for comment related to its climate-related programs, the California Corporate Greenhouse Gas Reporting Program (authorized under Senate Bill 253), and the Climate […more]
The Financial Accounting Standards Board (FASB) today announced the availability of the 2025 GAAP Financial Reporting Taxonomy (GRT), the 2025 SEC Reporting Taxonomy (SRT), and the 2025 GAAP Employee Benefit Plan Taxonomy (EBPT). The FASB also announced the availability of the 2025 DQC Rules Taxonomy (DQCRT) and 2025 GAAP Meta Model Relationships Taxonomy (MMT), which together with the GRT, SRT, and […more]
The Securities and Exchange Commission (SEC) announced the publication of the final rule on Electronic Submission of Certain Materials Under the Securities Exchange Act of 1934; Amendments Regarding the FOCUS Report. This rule requires certain forms to be prepared in XML and certain forms in Inline XBRL, specifically, the Commission is requiring, as proposed, the […more]
The Securities and Exchange Commission (SEC) Office of Structured Disclosure announced the upgrade of the EDGAR System to Release 24.4 which now supports the updated Variable Insurance Product (VIP) Taxonomy. The 2024q4 version of the VIP taxonomy provides the elements for tagging disclosures related to the Commission’s final rule on Registration for Index-Linked Annuities and Registered […more]
The European Securities Markets Authority (ESMA) published a consultation requesting comment on their proposal on sustainability reporting, and on a proposal to make changes to the tagging of information in the notes to the financial disclosures, following a phased approach. Key elements of the consultation include: Discussion of the ESEF reporting requirements for sustainability reporting […more]
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]
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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