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Latest News


Wednesday, September 16, 2020

College of DuPage Leads Move to Electronic Financial Reporting for Illinois Community Colleges

Illinois-based College of DuPageleads move to electronic financial reporting for Illinois community colleges Register for the free webinar.

Monday, September 14, 2020

XBRL US Comments on SBA Data Collection for CARES Act

XBRL US submitted a comment letter to the Small Business Administration (SBA) regarding the collection of data for the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The XBRL US letter recommends that the SBA and other regulators administering large relief fund programs like the CARES Act, leverage data standards to vastly increase efficiency, improve […more]

Friday, September 11, 2020

SEC Final Rule: Update of Statistical Disclosures for Banks and S&L Registrants

The Securities and Exchange Commission (SEC) published the final rule for Update of Statistical Disclosures for Bank and Savings and Loan Registrants. The rule amends disclosures required to be reported, and codifies certain disclosures in a new Subpart 1400 of Regulation S-K. The original proposed rule asked whether the disclosures should be included in the […more]


Tuesday, September 8, 2020

SBA Requests Comment on CARES Act Data Collection

The Small Business Administration (SBA) published a request for comment regarding the collection of information related to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Comments are solicited on 1) whether information collected is necessary for the agency to perform its functions; 2) whether burden estimates are accurate, 3) whether there are ways to […more]


Friday, September 4, 2020

FASB Holds Public Review for Technical Improvements for the 2021 SEC Reporting Taxonomy

The Financial Accounting Standards Board (FASB) published proposed technical improvements for the 2021 SEC Reporting Taxonomy in a set of Release Notes for a review and comment period that ends November 2, 2020. Interested parties may provide comments on the proposed technical and other conforming improvements by emailing their comments to or by sending […more]

Wednesday, September 2, 2020

Video: Government Use of Data Standards – Conversation with the FDIC

Every U.S. bank submits financial call report data to the Federal Deposit Insurance Corporation (FDIC) in machine-readable format. Banks have been reporting this way since 2005. Watch this video for a conversation with Mark Montoya, Senior Business Analyst of Data Strategy at the FDIC, who was one of the founders of the XBRL FDIC data […more]


SEC Publishes Draft 2021 SEC Taxonomies for Public Review

The Securities and Exchange Commission published the draft 2021 SEC Taxonomies. The draft taxonomies are out for a public review and comment period to end November 2, 2020.

SASB Publishes Governance Documents for Public Review

The Sustainability Accountability Standards Board (SASB) published two governance documents: Conceptual Framework and Rules of Procedure, for a public review and comment period set to end November 30, 2020. The Conceptual Framework sets out the basic concepts, principles, definitions, and objectives that guide the Standards Board and technical staff in the SASB’s approach to setting sustainability disclosure […more]

Saturday, August 29, 2020

XBRL US Comment on SEC Draft Closed-End Fund Taxonomy

XBRL US  submitted a comment letter in response to the SEC’s draft Closed-End Fund (CEF) Taxonomy which has been prepared to support the SEC rule for Securities Offering Reform for Closed-End Investment Companies. We recommended that the Commission: Rely on the XBRL International Data Type Registry in determining data types. Consider structuring the DEI Taxonomy, […more]


Friday, August 28, 2020

FASB Publishes Extensible Enumerations 2.0 Impact on Providers & Software

To aid service providers and XBRL software providers, the FASB published Extensible Enumerations 2.0 Implementation Impact on Service Providers and XBRL Creation Software – Are You Ready? which addresses the implementation of Extensible Enumerations 2.0 in the 2021 US GAAP Taxonomy. Read the impact study.