Point of View is a forum for opinions and thoughts from XBRL US and the XBRL community about business, industry, finance, regulation and legislation, where data standards can play a role. We welcome your feedback on the XBRL point of view.

Why Normalize Data?

By David Tauriello, Vice President of Operations, XBRL US For nearly 15 years, every exchange-listed public company has submitted financial data for quarterly and annual statements and disclosures to the US Securities and Exchange Commission (SEC) using the XBRL Standard. One of the challenges often cited to using this data is that the SEC requirement […more]

Earlier (2024)

Why the release of the Meta Model Relationships Taxonomy matters

By Campbell Pryde, President and CEO, XBRL US
The Financial Accounting Standards Board (FASB) released the proposed 2025 version of the Meta Model Relationships Taxonomy (Meta Model Taxonomy) for public review with comments due by November 29, 2024. The Meta Model Taxonomy is an important milestone in XBRL as it promises to revolutionize the way accounting standards can be used.

Earlier (2024)

How to Improve the FDTA Rule –
Response from XBRL US

By Campbell Pryde, President and CEO, XBRL US The cost of government regulation is increasingly seen as a burden by many in Congress and the courts who look to limit the scope of regulatory agencies. At the same time, data collected by regulatory agencies is becoming more important for the functioning of a modern economy.  […more]

Muni Bond Markets Weigh in on FDTA at GovFin 2024

This year’s GovFin 2024 took a deep dive into municipal reporting aspects of the FDTA. The program featured speakers with an in-depth understanding and experience in various aspects of the municipal markets and technologies to support reporting. To leverage the expertise of many in our audience, we held breakout sessions with attendees to gather input […more]

Identifying the Obligor for Municipal Securities

By Campbell Pryde, President and CEO, XBRL US The complexities of the municipal bond market make it challenging for users of bond data to quickly find what they need when searching in the Municipal Securities Rulemaking Board (MSRB) Electronic Municipal Markets Access (EMMA) system. A single bond issue can have more than one security, and […more]