Tucked into Chapter 8 of the Financial Conduct Authority (FCA) Quarterly Consultation are proposals to allow UK issuers to use a wider range of XBRL taxonomies.
“By thinking of taxonomies as modular ‘building blocks’, it is easier to design and maintain these sometimes complex products.”
In the United States, the Financial Accounting Standards Board (FASB) has published its proposed DQC Rules Taxonomy (DQCRT) and Technical Guide for 2022, including a number of new rules. It is now available for public review and comment until 23 September 2021.
For those interested in reporting in the UK, the Financial Reporting Council (FRC) has issued its draft XBRL taxonomies suite for 2022 on the Yeti taxonomy viewer.
This post is by Erwin Kaats, XBRL expert at Logius, on behalf of the Taxonomy Architecture Guidance Task Force (TAGTF). This group is made up of taxonomy experts who work to define best practice and produce reliable and high-quality XBRL International guidance to improve the comparability of data by increasing the consistency of taxonomies around […]
“In this age of digital reporting, hundreds of XBRL taxonomies are published every year,” says Katherine Haigh, member of the XBRL International Best Practices Board and Quality Assurance Manager at CoreFiling.
This is a guest post by Katherine Haigh, Quality Assurance Manager at CoreFiling and member of the XBRL International Best Practices Board. In this age of digital reporting, hundreds of XBRL taxonomies are published every year. Our analysis at CoreFiling shows that there are a few common mistakes that repeatedly crop up in such taxonomies. […]
The European Banking Authority (EBA) has issued phase 2 of its 3.1 reporting framework, providing standard specifications to support implementation, following phase 1 in May.
The US Financial Accounting Standards Board (FASB) has invited feedback on two updated drafts in the GAAP Taxonomy Implementation Guide series.
Life just got easier for standards fans in Japan, with the latest language release from the International Financial Reporting Standards (IFRS) Foundation. Files for the IFRS Taxonomy 2020 in Japanese are now available.
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