XBRL US supports proposal requiring LEI for Surveys

Posted on May 1, 2020 by Editor

The US Department of Commerce is consulting on a proposed rule update to International Services Surveys (BE-180), including a plan to require survey respondents that have a Legal Entity Identifier (LEI) to provide it.

XBRL US has submitted a comment letter in support of this proposal, arguing that the LEI ‘presents a critical opportunity to provide needed clarity around organizational provenance’.

The LEI is an open, non-proprietary global identifier that helps track entity ownership and wider ownership networks. Additionally, this increased transparency on ownership improves the usability and comparability of data reported by these entities.

Requiring the LEI from survey respondents would be a small but useful step towards further expanding and integrating the use of the LEI within business reporting.

Read more and see the comment letter here.

Other Posts


Would you like
to learn more?

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