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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Latest News

Wednesday, October 2, 2019

SEC Proposes Update of Statistical Disclosures for Banks

On September 17, 2019, the SEC published a rule proposal: Update of Statistical Disclosures for Bank and Savings and Loan Registrants.  Today, that proposal was posted on the Federal Register, with an official publication date of October 3. Comment letters are due 60 days from the date of publication in the Federal Register. A proposal […more]

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Tuesday, September 24, 2019

Financial Transparency Act (FTA) Reintroduced

On September 24, 2019, the Financial Transparency Act (FTA)  (H.R. 4476) was reintroduced by House Financial Services Committee Ranking Member Patrick McHenry (NC-R) and Subcommittee Chairwoman Carolyn Maloney (NY-D). This is a very important bill for data standards, with a stated goal: To amend securities, commodities, and banking laws to make the information reported to […more]

XBRL US on SEC Concept Release: Harmonizing Exempt Securities Offering

XBRL US submitted a comment letter responding to the SEC Concept Release on Harmonization of Securities Offering Exemptions. The XBRL US letter noted that the Commission could more effectively meet its goal of simplifying and harmonizing the exempt offering framework by requiring all reporting entities to use the same consistent method to report the same disclosures. […more]

Thursday, September 19, 2019

Proposed Updates to 2020 US GAAP Financial Reporting Taxonomy

The Financial Accounting Standards Board (FASB) has published the following Proposed Accounting Standards Updates for public comment: Proposed Accounting Standards Update (Revised)—Debt (Topic 470)—Simplifying the Classification of Debt in a Classified Balance Sheet (Current versus Noncurrent) (Revision of Exposure Draft Issued January 10, 2017). The proposed taxonomy improvements added elements for disclosures of debt in […more]

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Tuesday, September 10, 2019

California Senate Bill 598 Unanimously Passes Assembly

On September 10, 2019, California Senate Bill 598 was presented in the California Assembly and passed with a vote of 64-0. SB 598 calls for the enactment of the Open Financial Statements Act, which would establish the Open Financial Statement Commission, a 9-member commission in the Treasurer’s office. The commission will be tasked with contracting […more]

Friday, September 6, 2019

Workiva Customer Submits the First Multi-Document Inline XBRL Filing

Public Companies Also Used Workiva Platform to Submit More Than 78 Percent of Inline XBRL Facts in 2019 Workiva, provider of the world’s leading connected reporting and compliance platform, announced that its customer – Summit Materials – used the Workiva platform to submit the first multi-document Inline eXtensible Business Reporting Language (iXBRLTM) filing to the […more]

Thursday, September 5, 2019

XBRL US 2nd Release of CAFR Taxonomy for Municipal Reporting in Public Exposure Review

Will County, Illinois, First Local Government to Publish Financials in XBRL Format XBRL US announced today that it is conducting a 60-day public review and comment period for the second release of the Demonstration Comprehensive Annual Financial Report (CAFR) Taxonomy. The taxonomy, developed by the XBRL US State and Local Government Disclosure Modernization Working Group, […more]

Friday, August 30, 2019

SEC Public Review for EDGAR Filer Manual (Volume II) (Version 52)

The Securities and Exchange Commission has published a draft EDGAR Filer Manual (Volume II) (Version 52). The EFM draft has been published to solicit input and aid filers in preparing for potential EDGAR System changes, scheduled for September 30, 2019. If approved, the final version of the EFM will be made available on or about […more]

Tuesday, August 20, 2019

SEC Compliance and Disclosure Interpretations on Inline XBRL and Cover Page Tagging

The Securities and Exchange Commission published Compliance and Disclosure Interpretations on Inline XBRL and cover page tagging. Read the Q&A.

Wednesday, August 14, 2019

Proposed Updates to 2020 US GAAP Financial Reporting Taxonomy

The Financial Accounting Standards Board (FASB) has published the following Proposed Accounting Standards Updates for public comment: 1) Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 and the related release notes. The proposed taxonomy improvements include adding an […more]