The Financial Accounting Standards Board (FASB) has published the 2025 GAAP Financial Reporting Taxonomy (GRT), SEC Reporting Taxonomy (SRT), and GAAP Employee Benefit Plan Taxonomy (EBPT), alongside the 2025 DQC Rules Taxonomy (DQCRT) and GAAP Meta Model Relationships Taxonomy (MMT). Together, these are referred to as the “FASB Taxonomies.”
The European Securities Markets Authority (ESMA) released on Wednesday its 2024 taxonomy and conformance suite. This release incorporates the Calc 1.1 specification into the requirements by way of the IFRS 2024 taxonomy, adopts the IFRS 2024 taxonomy and makes some minor changes to business rules.
The Capital Markets Authority (CMA) of Kuwait has officially launched its mandatory Ifsah 2 XBRL Disclosure System as of 5 January 2025.
The California Air Resources Board (CARB) – the regulator responsible for protecting California’s public from the impact of air pollution and developing action on climate change – has issued a request for comment (RFC) to shape the implementation of two climate-related programmes.
The Chinese Ministry of Finance (MOF), in collaboration with multiple ministries and institutions, has released the ‘Sustainability Disclosure Standards for Business Enterprises – Basic Standard (Trial)’.
The US Securities and Exchange Commission (SEC) has published its final rule mandating the use of structured data formats, including Inline XBRL and XML, for certain regulatory filings under the Securities Exchange Act of 1934.
The Federal Energy Regulatory Commission (FERC) has published draft updates to its XBRL taxonomies, validation rules, and rendering files for public comment. These updates, slated for implementation as Version 2025-04-01, will support several key FERC forms, including Forms 1, 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 60, and 714.
The US Securities and Exchange Commission (SEC) has upgraded its EDGAR system to Release 24.4, now supporting the updated 2024q4 Variable Insurance Product (VIP) Taxonomy.
Our review of 2024: three major sustainability taxonomies, AI’s move to centre stage, and why the big endeavours ahead make structured data essential.
Large language models (LLMs) like ChatGPT are transforming the way people work across the globe – and we’re all keen to know what they can do with XBRL reports.
Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.
By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy
XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
