The Taxonomy Package Specification defines a standard way of publishing taxonomies that XBRL tools can use to improve the end-user experience when working with XBRL.
The Assertion Severity specification is a modular addition to the XBRL Formula specification that allows validation rules to be classified according to their severity.
The SEC recently issued a “concept release” seeking public comment on business and financial disclosure requirements in Regulation S-K. This is the regulation, first instituted in 1933, that lays out reporting requirements for quarterly, annual, and other various SEC filings used by public companies in the United States.
We can’t help but notice that a lot of people in both the public and private sectors are starting to look at XBRL filing data in a whole new way.