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

Thursday, March 26, 2020

SEC on Availability of FASB Implementation Guides

The SEC announced the availability of FASB Implementation Guides covering the following topics: Accounting Changes Financing Receivable and Current Expected Credit Loss Disclosures Insurance—Long-Duration Contracts Leases under Topic 842 Retirement Benefits—Phase 3 Revenue from Contracts with Customers (Including Statement Presentation of Revenue and Cost of Revenue) Read the announcement. Access the guides.  

News

Wednesday, March 25, 2020

SEC Final Rule on Accelerated and Large Accelerated Definitions, New Cover Page Checkbox

The new rule changes the definition of accelerated and large accelerated filers, and requires a new check box to be added to the cover page of 10-Ks, 20-Fs, and 40-Fs, which must be tagged in Inline XBRL.

Tuesday, March 24, 2020

Certent Customers Set a New Standard for Reports Filed with the SEC

Certent Disclosure Management’s new HD ReportingSM feature to provide investors with innovative and easier-to-read filings. Certent, Inc., a leading provider of software-as-a-service solutions for financial disclosure management and equity compensation, announced today that the first wave of its customers have used Certent’s High Definition (HD) ReportingSM and become the first organizations to successfully file pixel-perfect, […more]

News

Monday, March 23, 2020

SEC Amends Reg NMS, Proposes New Form CC

Amendments introduce a decentralized consolidation model which will allow competing consolidators to collect and disseminate market quote and transaction data. The rule also proposes alternatives including the use of Inline XBRL for new Form CC, which includes general and business information, services and fees, as well as operational capability information. Comments are due by June 24, 2020.

Friday, March 20, 2020

FERC Proposes XBRL for Form 730, Report of Transmission of Investment Activity

The FERC rule proposal noted “The XBRL standard also offers flexible benefits, including the ability to support simple formulas such as addition and subtraction and allow more complex formulas to be defined with a set of guidelines… requiring XBRL-based data would also lead to greater data quality through easier validation checks.”  

Monday, March 16, 2020

XBRL US Comments on SEC Resource Extraction Payments Proposal

Cites goal of providing more information to global markets, and holding governments accountable for management of oil, gas, and mineral resources.

Thursday, March 12, 2020

SEC Adopts iXBRL for Variable Annuity & Life Insurance, Publishes Draft Taxonomy

Amendments require the use of Inline XBRL for certain required disclosures in the variable contract statutory prospectus. In addition, the SEC published a draft Variable Insurance Product (VIP) Taxonomy which has been posted for a 90-day public review.

News

Tuesday, March 10, 2020

XBRL US Comments Prior to SEC Muni Conference “Spotlight on Transparency”

XBRL US submitted a comment letter to the Securities and Exchange Commission’s Office of Municipal Disclosures in advance of their scheduled conference “Spotlight on Transparency: A Discussion of Secondary Market Municipal Securities Disclosure Practices”. The XBRL US letter advocated for the use of data standards for state and local government reporting and asked that the […more]

Monday, March 9, 2020

XBRL US CAFR Taxonomy Released with New Statements, Schedules and Footnotes

Now includes Single Audit Report schedules for municipalities and other federal grantees XBRL US announced today the public review of the third version of the demonstration Comprehensive Annual Financial Reporting (CAFR) Taxonomy, which now includes seven financial statements, two footnotes, and two schedules from the Single Audit Report. The taxonomy will be published for a […more]

Tuesday, February 25, 2020

XBRL US Comments on SEC Proposal: Filing Fee Disclosure & Payment Methods Modernization

XBRL US submitted a comment letter weighing in on the SEC proposal that fees and calculation tables in fee-based tables be prepared in Inline XBRL format. XBRL US supports the proposal and agrees with the Commission that structuring fee data will improve the efficiencies of the fee validation process for SEC staff, and will increase […more]