Media

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Latest News

News

Tuesday, October 22, 2024

FASB RFC – EBP Taxonomy & Guide on Boolean, Fixed Lists, and Extensible Enumerations

The Financial Accounting Standards Board (FASB) announced request for comment on: Proposed technical and other conforming improvements to 2025 Employee Benefit Plan (EBP) Taxonomy which is included in the GAAP Financial Reporting Taxonomy. Comments must be submitted by November 18, 2024. (File Reference No. 2025-2600.) Proposed GAAP Taxonomy Implementation Guide, Boolean, Fixed Lists and Extensible […more]

News

FDTA

Sunday, October 20, 2024

XBRL US Response to FDTA Rule Proposal

XBRL US submitted comments to the nine Agencies that collaborated on the draft Joint Data Standards for the Financial Data Transparency Act (FDTA). We support the goals of the FDTA to help Agencies provide actionable, good quality data to citizens, businesses, investors, policy setters, governments, and researchers. While we applaud certain elements of the rule […more]

News

Wednesday, October 2, 2024

FASB Proposals for New GAAP Taxonomy Improvements – Request for Comment

The Financial Accounting Standards Board (FASB) announced proposals for new GAAP Taxonomy improvements: For Accounting Standards Update on Derivatives and Hedging (Topic 815); and on Compensation – Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606). The comment period for the taxonomy improvements ends on November 14, 2024. Access the announcement with […more]

News

Friday, September 27, 2024

SEC Publishes Final EDGAR Next Rule, EDGAR Filer Access and Account Management

The Securities and Exchange Commission (SEC) published the final EDGAR Next rule, EDGAR Filer Access and Account Management. The rule explains the new requirements and also notes a beta site that is planned to aid in the transition. The beta software environment will open starting September 30, 2024, for filer testing and feedback reflecting the […more]

News

Wednesday, September 18, 2024

SEC Publishes Draft 2025 SEC Taxonomies for Feedback

The Securities and Exchange Commission (SEC) announced today the publication of the draft 2025 SEC taxonomies for feedback on the technical design. Comments must be received by November 18, 2024. Refer to the Draft 2025 Release Notes for details of the changes in this draft 2025 update. The draft taxonomy files can be found at https://www.sec.gov/data-research/taxonomies/draft-taxonomy-files-annual-updates.

News

Friday, September 6, 2024

FASB RFC on Proposed 2025 Data Quality Committee Rules Taxonomy (DQCRT)

The Financial Accounting Standards Board (FASB) issued the proposed 2025 Data Quality Committee Rules Taxonomy (DQCRT), which focuses on the XBRL US Data Quality Committee’s (DQC) validation rules for regulator use. The proposed 2025 DQCRT would add the following DQC Rules: DQC 0108: Fact Value Consistency Over Time DQC 0109: Concentration Risk DQC 0112: Line […more]

News

IFRS

Monday, September 2, 2024

XBRL US Comments on IFRS Taxonomy 2024 – IFRS 18 Presentation and Disclosure in Financial Statements

XBRL US submitted a comment letter in response to the consultation on the Proposed IFRS Taxonomy Update 2024: IFRS 18 Presentation and Disclosure in Financial Statements. The XBRL US letter provided input to the proposed update related to attributes on concepts, non-gaap elements, and expenses by nature. Read the letter: XBRL US Comment RE IFRS […more]

News

FDTAclimategovernment

Thursday, August 29, 2024

XBRL US Presents Digital Reporting for Measurable Results: Climate, Corporate, Government, Washington DC

XBRL US is pleased to announce, Digital Reporting for Measurable Results: Climate, Corporate, Government, a one-day conference to be held in Washington, DC, November 14, 2024. The program will address the expanding demand for digital regulatory reporting of climate and financial data by corporations and governments in the United States, and the impact on all […more]

News

cybersecurity

Monday, August 12, 2024

XBRL US Comments on SEC Draft CYD Taxonomy and Guide

XBRL US commented on the Securities and Exchange Commission (SEC) request concerning the draft Cybersecurity Disclosure (CYD) taxonomy which was developed to support the final rule, Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure. Taxonomy files are included here. The XBRL US letter pointed out mismatches between the draft Taxonomy and the Guide, and asked for […more]

News

Wednesday, August 7, 2024

FASB RFC on Proposed Taxonomy Implementation Guide, Income Taxes

The Financial Accounting Standards Board (FASB) has issued a Proposed Taxonomy Implementation Guide, Income Taxes (Topic 740), which is based on the 2024 GAAP Financial Reporting Taxonomy. The proposed Guide demonstrates the modeling for the reporting of income taxes under FASB Accounting Standards Codification® Topic 740. Interested parties may submit comments on the proposed Guide on […more]