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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SEC Reporting || Industries || Government || Using Data

Latest News

Wednesday, July 27, 2022

XBRL US Comments on FASB Q3 Supplemental GAAP Taxonomy

XBRL US commented on the Financial Accounting Standards Board (FASB) Q3 Supplemental GAAP Taxonomy which contains concepts to help Business Development Companies (BDC) meet their new tagging requirements in addition to other improvements. Review the FASB Announcement about the public comment  period. Read the XBRL US letter:XBRL US Comment on FASB Q3 Supplemental GAAP Taxonomy, […more]

Wednesday, July 20, 2022

Michigan House Bill 5783 Appropriates IT Funds for Machine-Readable (XBRL) Govt Data

Michigan Governor Whitmer signed off on House Bill No. 5783 which includes appropriations for fiscal years 2022 and 2023. The bill includes funding for Michigan State Treasury to work in partnership with a public university located in Michigan to develop an IT strategy focusing on machine-readable financial disclosures for local units of government, and that […more]

News

Three New Data Quality Rules for US GAAP Filers from XBRL US DQC

Investment Schedule Guidance also published for public review The XBRL US Data Quality Committee (DQC) has published its 19th Rule Set for a 45-day public review and comment period, which closes on September 1, 2022. The freely available DQC rules are developed through a collaborative process with stakeholders by exposing proposed guidance and validation rules […more]

Thursday, July 14, 2022

XBRL US Comments on SEC Proposal on Recovery of Erroneously Awarded Compensation

XBRL US submitted a comment letter responding to the SEC reopened proposal on Listing Standards for Recovery of Erroneously Awarded Compensation. This proposal was originally proposed in 2015. On the SEC Agency Regulatory List, this proposal is expected to be finalized by October of this year. In our letter, we agreed with the SEC proposal […more]

Wednesday, July 6, 2022

XBRL US Comments on SEC Data Collection of Form N-MFP

XBRL US submitted a comment letter in response to the Securities and Exchange Commission (SEC) notice of information collection for Form N-MFP, the Monthly Report for Money Market Funds. Today this form, which details disclosure items related to portfolio holdings, including daily and weekly facts, is required to be reported in XML format. Our letter […more]

News

Friday, July 1, 2022

FASB Announces Public Review of 2022 Q3 Supplemental GAAP Taxonomy

The Financial Accounting Standards Board (FASB) announced the public review and comment period for the 2022 Q3 Supplemental GAAP Taxonomy. This taxonomy contains elements to help Business Development Companies (BDC) meet their new tagging requirements in addition to other improvements. The taxonomy is out for public review through August 1, 2022. Review the FASB Announcement […more]

News

Thursday, June 30, 2022

SEC Publishes Agency Rule List

The Securities and Exchange Commission (SEC) published their Agency Rule List – Spring 2022 which covers rules in final and proposed stage. Final Action dates noted for certain rules important to XBRL providers include:   Share Repurchase Disclosure Modernization Oct 2022 Shortening the Securities Transaction Settlement Cycle Oct 2022 Pay versus Performance Oct 2022 Erroneously […more]

Friday, June 17, 2022

The University of Michigan moves to modernize government financial reporting

Marc Joffe, Senior Policy Analyst at Reason Foundation (XBRL US member) noted in a recent blog post, “XBRL can make data from state and local governments more digestible and publicly available. In 2002, three academic researchers proposed applying eXtensible Business Reporting Language (XBRL) to state and local government financial reporting to make municipal data more digestible and […more]

XBRL US Comments on SEC Proposal RE: Climate-Related Disclosures for Investors

XBRL US submitted a comment letter in response to the SEC proposal on The Enhancement and Standardization of Climate Related Disclosures for Investors. Our comment letter supported the proposal requirements to prepare ESG data in Inline XBRL format to improve the consistency and usability of reported data. Key points raised in the letter include: Academic […more]

News

Thursday, June 16, 2022

University of Michigan and XBRL US Launch Public Review of Government Data Standards

Governments, standard setters, regulators, and analysts encouraged to provide input XBRL US, a nonprofit standards organization, and the Center for Local, State, and Urban Policy (CLOSUP) at University of Michigan’s Gerald R. Ford School of Public Policy, announced the publication of digital financial data standards for local government reporting entities, that can be used to […more]


Upcoming XBRL US Events

Public Review: Annual Comprehensive Financial Report Taxonomy
Monday, August 15, 2022

Domain Steering Committee Meeting
Tuesday, August 16, 2022

Communications & Services Steering Committee Meeting
Tuesday, August 16, 2022

Public Exposure for Comment – Data Quality Committee Rules and Guidance
Wednesday, August 31, 2022

Center for Data Quality Committee Meeting
Wednesday, September 21, 2022

Popular Resources

2021 US GAAP Financial and SEC Reporting Taxonomies
XBRL Taxonomy posted Mar, 2021

2020 US GAAP Financial and SEC Reporting Taxonomies
XBRL Taxonomy posted Dec, 2019

2019 US GAAP Financial and SEC Reporting Taxonomies
XBRL Taxonomy posted Dec, 2018

2021Q4 Document and Entity Information (DEI)
XBRL Taxonomy posted Dec, 2021

2020 Document and Entity Information (DEI)
XBRL Taxonomy posted Dec, 2019