April, 2025 
GovFin 2025 to feature keynote speakers Colorado State Treasurer Dave Young; former U.S.Comptroller General David M. Walker; and Debra Austin, JD, PhD, Professor of the Practice, University of Denver Sturm College of Law. The announcement was made by The University of Denver and XBRL US in a joint press release. The one and a half day conference takes place at the University of Denver on July 30-31, 2025, and will also feature speakers from the Governmental Accounting Standards Board (GASB), the Municipal Securities Rulemaking Board (MSRB), and State Auditors from Colorado, Ohio, and Washington. Learn more and register.
FASB publishes a proposed Accounting Standards Update on accounting for debt exchanges in a request for public comment. The announcement explains that the proposed change, Debt—Modifications and Extinguishments (Subtopic 470-50) and Liabilities—Extinguishments of Liabilities (Subtopic 405-20): Accounting for Debt Exchanges (Release Notes), was issued to clarify that certain debt exchange transactions should be accounted for as a debt extinguishment by the debtor. The comment period ends on May 30, 2025. Comments can be submitted to xbrled@fasb.org. Please include the File Reference Number indicated on the cover of the Release Notes.
SEC delays compliance dates for Form N-PORT and Form N-CEN Reporting; Guidance on Open-End Fund Liquidity Risk. The new rule explains that the effective date for the amendments to Form N-PORT that were published on September 11, 2024, are delayed from November 17, 2025, to November 17, 2027. The Commission is also delaying the effective date of the amendments to the rule under the Investment Company Act of 1940 ("Investment Company Act") associated with Form N-PORT reporting requirements. In addition, the Commission is delaying the compliance dates for these amendments related to Form N-PORT reporting requirements. The effective and compliance date for the amendments to Form N-CEN contained in the same release published on September 11, 2024, will remain November 17, 2025.
XBRL US Articles, White Papers, and Blogs
Blog Post: Why Normalize Data?
David Tauriello, Vice President of Operations at XBRL US, discusses how normalizing XBRL-filed SEC data improves comparability and transparency. The XBRL US Standardized Statement Taxonomy enables the creation of normalized core concepts for commercial and industrial company balance sheets, income statements, and cash flow statements. The new taxonomy was developed in large part to assist in the data quality rule process. Reviewing normalized data uncovers outliers and leads to improved understanding of issues related to how data is reported. Read more to learn how you can leverage the normalization process, available courtesy of the XULE open-source processing language, to build your own custom standardized datasets. Read more: https://xbrl.us/why-normalize-data
XBRL US Events
GovFin 2025: Designing a Digital Future, July 30-31, 2025 in Denver, Colorado.
Early registration is now open. Learn more and register: https://xbrl.us/events/govfin25/
Webinar: 2025 Meta Model Improvements, May 21, 2025.
The Meta Model incorporates expressive relationships that help preparers identify the appropriate elements for tagging in their filings, support data users in consuming data, and facilitate the creation of business rules. By conveying attribute information and illustrating how elements relate to one another, the Meta Model enhances data usability and interpretation.
Join the FASB and XBRL US for this 60-minute session to explore these relationships and the latest enhancements introduced in the 2025 Meta Model. Accountants, developers, technologists, and data/analytics providers should attend. Speakers include Campbell Pryde, President and CEO, XBRL US, and David Shaw, Senior Project Manager, XBRL, Financial Accounting Standards Board (FASB). Register: https://xbrl.us/events/250521/
Webinar Replay: Data Quality, Corporate Disclosures & the SEC.
Watch the replay for an analysis of trends in data quality across filer and disclosure type. Learn about the most common problems encountered in filings, and how issuers are reacting to the availability of the rules. Get insights into current and upcoming rulesets and the problems they’re designed to address. Hear from the SEC on how XBRL reported data is being used by internal and external audiences. Speakers will join from the Office of Structured Disclosure, Securities and Exchange Commission (SEC), Toppan Merrill, and XBRL US. Watch: https://xbrl.us/events/250501/
XBRL US Meetings
The Data Quality Committee (DQC) held its most recent meeting with the SEC on Wednesday, March 26, 2025. Get highlights and register for the next DQC meeting on Wednesday, June 18: https://xbrl.us/dqc
The Domain Steering Committee will meet Tuesday, May 20, at 2 PM ET. https://xbrl.us/events/dsc-250520 - all XBRL US Members are invited to attend
The Communications Steering Committee will meet Tuesday, May 20, at 3 PM ET. https://xbrl.us/events/csc-250520 - all XBRL US Members are invited to attend
The XBRL US Regulatory Modernization Working Group will meet Tuesday, May 13, at 3 PM ET. (membership@xbrl.us for details)
The XBRL US Standard Government Reporting Working Group will meet Tuesday, May 27, at 12:30 PM ET. (membership@xbrl.us for details)
The XBRL US Technical Advisory Committee (XTAC) will meet on Wednesday, May 14, at 4 PM ET. (membership@xbrl.us for details)
The XBRL US Academic Subcommittee will meet Monday, May 12, at 1 PM ET. (membership@xbrl.us for details)
XBRL US Members are committed to engaging and collaborating with other members, contributing to the standard through involvement of their teams, and striving to build awareness and educate the market. Members of XBRL US represent the full range of the business reporting supply chain.
Not yet an XBRL US member? Maybe it's time to consider joining XBRL US for yourself ($55 - $500/ year) or your organization (fees vary). Find out more about the benefits of membership and how to become involved by visiting https://xbrl.us/benefits.
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