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Items tagged with "Taxonomy"

Country and Currency code taxonomies confirmed as Proposed Recommendations

We are pleased to announce that the XBRL International Standards Board (XSB) has elevated the new Country Code and Currency Code taxonomies to Proposed Recommendation status. These taxonomies furnish lists of ISO codes for countries and currencies, simplifying the incorporation of standard codes in XBRL reports, as mandated in various regulatory filings.

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EFRAG launches public consultation ESRS XBRL taxonomy

This week the European Financial Reporting Advisory Group (EFRAG) published for public consultation its Draft ESRS Set 1 XBRL Taxonomy, alongside a Draft XBRL Taxonomy for Article 8 disclosures.

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FASB proposes taxonomy implementation guides on leases and investment companies

The Financial Accounting Standards Board (FASB) has released two proposed Taxonomy Implementation Guides based on the 2024 GAAP Financial Reporting Taxonomy. Pending Securities and Exchange Commission (SEC) acceptance, the 2024 Taxonomy was made available in December 2023.

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Enhancing Comparability with Anchoring

This is a post by XBRL International’s Entity Specific Disclosure Task Force (ESDTF). Taxonomy authors expend considerable effort identifying common practice reporting (CPR) elements for inclusion in taxonomies such as the IFRS and US GAAP taxonomies. Filers frequently meet reporting requirements that are not explicitly defined in the accounting standards by creating extension elements. This […]

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FASB seeks input on proposed GAAP taxonomy improvements

The US Financial Accounting Standards Board (FASB) has released proposed GAAP Taxonomy Improvements for public comment.

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FERC enhances XBRL filing with version update

The US Federal Energy Regulatory Commission (FERC) is advancing its XBRL filing process with the release of Version 2024-04-01 for FERC Forms. Effective from the first quarter of 2024, this update encompasses taxonomies, validation rules and rendering files for Forms 1, 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 60, and 714.

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SEC’s 2024 SRO Taxonomy introduces XBRL

The US Securities and Exchange Commission (SEC) recently implemented several rule amendments aimed at enhancing the settlement cycle for broker-dealer transactions and related processes. A draft taxonomy – the 2024 Self-Regulatory Organizations (SRO) Taxonomy – has now been published to support the new rules.

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Need to build an XBRL Taxonomy? Start here!

There is a lot of incredibly useful guidance available on developing XBRL taxonomies, but that same richness of information can also be a little overwhelming when first setting out. We are delighted to announce that XBRL International’s Best Practices Board (BPB) has published a review draft of its new XBRL Taxonomy – Quick Start Guide.

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FRC publishes draft UKSEF conformance suite

The UK’s Financial Reporting Council (FRC) has published the draft version of the UK Single Electronic Format (UKSEF) Conformance Suite as part of the 2024 Taxonomy annual cycle. Open for public consultation until 31 December 2023, the suite is key to understanding and ensuring compliance with UKSEF filing requirements.

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IFRS Foundation proposes updates to the IFRS Accounting Taxonomy 2023

The IFRS Foundation has proposed updates to the IFRS Accounting Taxonomy 2023. This Proposed Update 2 addresses three key areas: common practice for financial instruments, general improvements, and technology updates.

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