The UK Financial Reporting Council (FRC) has published its final suite of updated taxonomies for 2022, having released them for consultation in August. The most notable change is the integration of the Streamlined Energy and Carbon Reporting (SECR) taxonomy, used for mandatory emissions reporting.
The Value Reporting Foundation has officially released the SASB Standards XBRL Taxonomy, in an important step forward for structured sustainability reporting
The Financial Accounting Standards Board (FASB) has issued draft technical and other conforming improvements to the 2022 SEC Reporting Taxonomy (SRT), used in the US for reporting to the Securities and Exchange Commission.
The Bank of England is shifting from XML to XBRL for the collection of significant amounts of statistical data.
The US Securities and Exchange Commission (SEC) has published draft 2021Q4 and 2022 updates to the SEC taxonomies, and now welcomes public comment.
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 […]
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