The XBRL US Data Quality Committee (DQC) has published its 9th Ruleset for a 45-day public review and comment period, which closes 15 June 2019. In addition to expanding on many existing rules, the latest ruleset contains a new category of checks that evaluates and identifies incorrect calculation relationships in the SEC filers company taxonomy.
Great news from the US as contractors and bond agents can now submit data in XBRL format, automating what was a laborious manual process and freeing up valuable time for small businesses.
As mentioned above, the US Surety Working Group have been developing the XBRL US WIP Taxonomy to be used by contractors filing to the SBA. This week the Working Group, which is comprised of surety carriers, bond agents, and software companies, also published a draft release of the Contractors Financial Taxonomy. The Contractors Financial Taxonomy […]
This week the European Securities and Markets Authority (ESMA) published the taxonomy for facilitating the implementation of the Regulatory Technical Standard (RTS) for ESEF.
On 27 March the IFRS Foundation published the IFRS Taxonomy 2019 files. The new taxonomy includes a general improvement update and an update to common practice.
Earlier this month the Italian Ministry of Economic Development announced that the 2019 version of the XBRL taxonomy for financial statements is available on the AGID website. The new taxonomy will come into effect for annual and consolidated accounts from 1 March 2019. The new taxonomy makes minor changes to the supplementary notes disclosures, and to […]
The IFRS Foundation published a Proposed IFRS Taxonomy Update yesterday. This proposed update includes a number of suggested changes to the IFRS Taxonomy 2018, to improve the quality of data reported using the IFRS Taxonomy and to make it easier to access and use. This is a consultation draft: issuers, users, data providers, regulators and accounting professionals should consider providing feedback to the IFRS team. You’ve got 60 days to do so, through 4 February 2019.
On October 9 the UK’s HMRC updated their guidance on the taxonomies they accept for company tax returns.
The Financial Accounting Standards Board (FASB) has issued a new release note describing taxonomy improvements for the 2019 GAAP Financial Reporting Taxonomy.
The UK’s Financial Reporting Council (FRC) has amended its XBRL accounting taxonomies to reflect changes introduced in the UK GAAP triennial review and three new IFRS documents. UK IFRS reporters to HMRC and Companies House will need to use this collection to file their annual accounts. UK GAAP reporters applying the Triennial Review Amendments can […]