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

News

Friday, March 1, 2024

FASB Hosting Webinar: 2024 GAAP & SEC Reporting Taxonomy Improvements & SEC Update

The Financial Accounting Standards Board (FASB) announced that they will be holding a webinar, “2024 GAAP and SEC Reporting Taxonomy Improvements and SEC Update” on Tuesday, April 2 from 1:30 – 3:00 PM ET. The discussion will feature a fireside chat with Christine Botosan, FASB Board Member, and Christine Cheng, Assistant Professor of Accounting at […more]

Thursday, February 29, 2024

XBRL US Publishes California: Digital First Climate Data

XBRL US has developed a paper and supporting fact sheet on the importance of data standards to support sustainability reporting. The paper focuses on California climate bills SB 253 and SB 261 which require companies over a certain revenue threshold that do business in the State of California to report greenhouse gas (GHG) emissions and […more]

News

Friday, February 9, 2024

SEC Publishes Regulatory Flexibility Agenda

The Securities and Exchange Commission (SEC) published the Regulatory Flexibility Agenda (RFA) in the Federal Register. The listing includes only those agenda entries for which an RFA analysis is required. An analysis is required where there will be a significant impact on a large number of small reporting entities.  Comments concerning the RFA agenda and […more]

News

Monday, January 29, 2024

SEC Publishes Interim Release 24.0.1 of EDGAR, Now Supports FFD Taxonomy

The Securities and Exchange Commission (SEC) published interim release 24.0.1 of the EDGAR System on January 26 which now supports the Filing Fee Disclosure (FFD) taxonomy. This taxonomy provides the elements for tagging disclosures related to the Commission’s final rule on filing fee disclosures using Inline eXtensible Business Reporting Language (XBRL). Please see taxonomies.  

News

Wednesday, January 24, 2024

FASB Implementation Guides on Leases and Investment Companies

The Financial Accounting Standards Board (FASB) issued for public comment two proposed Taxonomy Implementation Guides which were made available in December 2023 pending SEC acceptance. The first proposed Guide, Leases under Topic 842, includes a new example that illustrates the modeling for disclosures reporting information about leases not yet commenced. The second proposed Guide, Financial […more]

News

SEC Adopts Final Rule for Special Purpose Acquisition Companies

The Securities and Exchange Commission (SEC) announced that they are adopting the final rule for Special Purpose Acquisition Companies, Shell Companies, and Projections, which calls for Inline XBRL tagging for information in Subpart 1600 of Regulation S-K. In the XBRL US comment letter submitted in response to this rule in proposal stage, we suggested that […more]

Friday, December 22, 2023

XBRL US Comments on FERC Proposed Rule on Revisions to Electric Quarterly Report

XBRL US submitted a comment in response to the Federal Energy Regulatory Commission (FERC) Notice of Proposed Rulemaking on Revisions to the Filing Process and Data Collection for the Electric Quarterly Report (EQR). The letter expresses support for the FERC proposed rule to transition data collection of the Electric Quarterly Report (EQR) to XBRL-CSV format […more]

News

Wednesday, December 20, 2023

FASB Update on Accounting for Debt with Conversion

The Financial Accounting Standards Board (FASB) issued for public comment proposed GAAP Taxonomy improvements for an update to improve the accounting for debt with conversion and other options: Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments (Release Notes). The comment period ends on March 18, 2024. Send comments to […more]

Tuesday, December 19, 2023

SEC Publishes Second FDTA Semiannual Report to Congress

The Securities and Exchange Commission (SEC) has published the second FDTA Semi-Annual Report to Congress. The report notes that there are 54 forms, schedules, and statements containing disclosures required under Securities Act Section 7, Exchange Act Section 13, or Exchange Act Section 14. Three-quarter (42) of these forms, schedules, and statements require some machine-readable data. […more]

News

Monday, December 18, 2023

FASB Publishes 2024 GAAP, SEC Reporting and DQC Rules Taxonomies

The Financial Accounting Standards Board (FASB) announced the availability of the 2024 GAAP Financial Reporting Taxonomy (GRT) and the 2024 SEC Reporting Taxonomy (SRT) (collectively referred to as the “GAAP Taxonomy”). The FASB also announced the availability of the 2024 DQC Rules Taxonomy (DQCRT), which together with the GAAP Taxonomy are collectively referred to as […more]