On 7 March, the ESEF core taxonomy for 2021 was incorporated into EU law, making it possible to use in financial reporting.
On 28 February, the European Insurance and Occupational Pensions Authority (EIOPA) issued its latest taxonomy update.
The European Banking Authority (EBA) has published the first phase of version 3.2 of its reporting framework. It comes with a technical package to support implementation, including updated XBRL taxonomies, validation rules, and the Data Point Model (DPM).
The Eurofiling Foundation has updated the Eurofiling Taxonomy, which provides support to numerous taxonomies that deploy the Data Point Model (DPM).
Following its successful implementation of XBRL last year, the US Federal Energy Regulatory Commission (FERC) has published an updated set of taxonomies for 2022.
IFRS users take note – the International Accounting Standards Board (IASB) has issued an update to the IFRS Accounting Taxonomy 2021.
Financial filers in Japan once again have the latest digital tags at their fingertips. The International Financial Reporting Standards (IFRS) Foundation has recently published the files for the IFRS Taxonomy 2021 in Japanese.
Our banking-minded readers will know that the Bank of England has successfully transitioned from XML to XBRL for its statistical data collection, publishing its final version 1.2.0 statistics taxonomy in September 2021.
On 20 December 2021, the US Securities and Exchange Commission (SEC) upgraded its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system to Release 21.4.
Did you spot this important update for anyone involved in digital reporting in the US? In December, the Financial Accounting Standards Board (FASB) released the 2022 GAAP Financial Reporting Taxonomy (GRT) and the SEC Reporting Taxonomy (SRT), collectively referred to as the ‘GAAP Taxonomy.’
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