As the UK continues to increase mandatory environmental disclosure requirements, Companies House and the Financial Reporting Council (FRC) have released a new XBRL taxonomy making it easier for firms to comply.
This week the IFRS Foundation published the IFRS Taxonomy 2020, based on the latest IFRS Standards. It incorporates an update designed to help data users understand how uncertainty relating to interest rate benchmark reform affects an entity’s hedging relationships. The publication is accompanied by the updated IFRS Taxonomy Formula Linkbase 2020 which can help validate […]
XBRL US has released for public review the third version of the demonstration Comprehensive Annual Financial Reporting (CAFR) Taxonomy. The CAFR Taxonomy demonstrates how comparable data standards are applicable to municipal government annual reports. The third version of the Taxonomy expands on the previous two versions to include seven financial statements, two footnotes, and two schedules from the […]
XBRL Italy has announced that the taxonomy to be used for XBRL filing in 2020 remains unchanged. The guidance covers the filing, in 2020, of annual statements referring to financial years from 2016 onwards. The taxonomies to be used are the Italian Accounting Standards taxonomy 2018-11-04, and the taxonomy of the Italian Accounting Principles 2015-12-14. […]
The US Securities and Exchange Commission (SEC) has announced the upgrade of the EDGAR system to Release 20.1.1. The latest update now supports the 2020 US GAAP, 2020 SEC Reporting (SRT), 2020 Countries (Country), 2020 Currencies (Currency), 2020 Exchanges (EXCH), and 2020 Standard Industrial Classification (SIC) taxonomies. The system no longer supports the 2013 and […]
Last week the Bank of England published an update to the release note published alongside the Bank of England Banking Taxonomy 3.3.0. The update includes minor amendments to the validation files included with the taxonomy. Read more and access the files here.
The US Securities and Exchange Commission have announced that on March 9 the EDGAR system will be updated to handle the following taxonomies: US GAAP 2020 Taxonomy; SEC Reporting 2020 Taxonomy; COUNTRY 2020 Taxonomy; CURRENCY 2020 Taxonomy; EXCH 2020 Taxonomy; and SIC 2020 Taxonomy. Additionally, the SEC will remove the 2012 and 2013 INVEST Taxonomies […]
The Bank of England has now published an updated taxonomy (v1.1.0) and associated validation rules for forms AS and FV, which represent key aspects of the bank’s statistical data collection in XBRL. Read more here.
The Financial Accounting Standards Board (FASB) has incorporated the DQC validation rule documentation into the 2020 release of the US GAAP Financial Reporting Taxonomy. The validation rules, developed by the XBRL US Data Quality Committee (DQC), are used by filers to check the accuracy of their data before they submit it to the SEC. This […]
Following formal adoption by the European Commission, the European Banking Authority (EBA) amendments relating to COREP and FINREP based on the final draft of Implementing Technical Standards (ITS) submitted in July 2019 have been finalised. All related documents including taxonomy files and filing rules can be found here.
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