The US Financial Accounting Standards Board (FASB) has issued proposed technical improvements to the 2025 US GAAP Financial Reporting Taxonomy, inviting public feedback by 31 October 2024.
The US Financial Accounting Standards Board (FASB) has issued proposed updates to the US GAAP Financial Reporting Taxonomy, inviting public comments on two key areas: hedge accounting improvements and clarifications to share-based consideration payable to a customer.
On 26 September, we hosted our exclusive member-only webinar, XBRL Directions, focusing on the essentials of managing taxonomy versioning. This 30-minute session was packed with insights on version schemes, planning taxonomy releases, and implementing hot fixes. We also explored how to communicate taxonomy changes effectively to different stakeholders.
The Financial Accounting Standards Board (FASB) has published proposed improvements to the 2025 SEC Reporting Taxonomy (SRT), inviting public comment. The proposed changes focus on refining and updating elements in response to evolving industry needs, particularly in the oil and gas sector.
XBRL CH has announced the launch of a public consultation on the new XBRL CH Taxonomy, designed to meet the financial reporting needs of Swiss companies under the Swiss Code of Obligations (OR).
The International Accounting Standards Board’s (IASB) move to update the IFRS Accounting Taxonomy follows the April 2024 release of IFRS 18, which sets a new standard for presenting and disclosing financial data.
The IFRS Foundation has released a new guide aimed at helping regulators integrate the IFRS digital taxonomies into their digital filing systems. The guide supports regulators in meeting the growing need for structured, machine-readable financial and sustainability data, offering greater transparency and comparability across borders.
Earlier this summer XBRL US submitted comments to The Securities and Exchange Commission (SEC) on the recently released draft Cybersecurity Disclosure (CYD) taxonomy.
The Financial Accounting Standards Board (FASB) recently issued proposed technical and other conforming improvements for the 2025 SEC Reporting Taxonomy (SRT). This release, published for public comment, invites feedback on adjustments aimed at refining the taxonomy’s usability. The comment period closes on 5 November, offering stakeholders the chance to provide their input.
Last week the European Financial Reporting Advisory Group (EFRAG) published the XBRL taxonomy to accompany the first set of European Sustainability Reporting Standards (ESRS Set 1), supporting the digital tagging of sustainability statements.
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