The Financial Accounting Standards Board (FASB) is seeking public review and comment on its proposed 2017 GAAP Financial Reporting Taxonomy. The deadline to submit written comments is 31 October 2016.
Translations like these help promote IFRS adoption, which continues to grow around the world. It also means that one of the basic capabilities of XBRL is enabled in one of the world’s most important taxonomies.
The XBRL Best Practices Board has published the first public draft of a glossary that aims to provide clear and simplified terminology for XBRL concepts, aimed at business users rather than software developers.
The Dutch central bank (DNB) has released the DNB-OTC taxonomy for the collection of data on Over-the-Counter (OTC) derivatives traded by the largest Dutch banks.
XII, in cooperation with the Global Legal Entity Identifier Foundation (GLEIF), is forming a working group to examine and make concrete recommendations about the consistent use of Legal Entity Identifiers (LEIs) within XBRL taxonomies and instance documents.
GRI’s Digital Reporting Alliance will seek to address underutilisation of sustainability data by promoting the reporting of that data using XBRL,
The European Banking Authority has released corrective updates to two versions of its XBRL taxonomies for supervisory reporting (versions 2.4 and 2.5) to fix technical errors in the implementation of some validation rules.
The Surety Working Group formed by XBRL US has completed a Proposed Recommendation of its Work-in-Process Taxonomy for automating the reporting of elements related to identifying risks and determining eligibility for surety bonds.
The Taxonomy Package Specification defines a standard way of publishing taxonomies that XBRL tools can use to improve the end-user experience when working with XBRL.
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