Accounting Standards
Accounting Standards are the formal rules and guidelines that govern how financial transactions and statements are recorded, reported, and disclosed. They ensure consistency, transparency, and comparability across financial reports, and include frameworks like GAAP and IFRS. Digital reporting standards like XBRL enable structured, machine-readable financial filings.
APIs
US GAAP Financial Reporting Taxonomy 2026
The 2026 GAAP Financial Reporting Taxonomy (GRT) is the official XBRL taxonomy maintained by FASB for SEC financial filings. It incorporates updates for FASB accounting standard...
SEC EDGAR XBRL API
The SEC EDGAR XBRL APIs provide free, real-time access to structured financial data from public company filings. APIs include company submissions, company facts (all XBRL disclo...
IFRS Accounting Standards
International Financial Reporting Standards (IFRS) are global accounting standards issued by the International Accounting Standards Board (IASB). IFRS standards govern the finan...
FASB Accounting Standards Codification
The FASB Accounting Standards Codification (ASC) is the single source of authoritative nongovernmental U.S. GAAP. Organized into Topics, Subtopics, Sections, and Paragraphs, the...
XBRL International Specification
eXtensible Business Reporting Language (XBRL) is an open international standard for digital business reporting maintained by XBRL International. It enables the exchange of busin...
Features
XBRL taxonomies enable machine-readable financial statement reporting that regulators, investors, and analysts can process programmatically.
The FASB ASC provides the single authoritative source of US GAAP organized by topic for consistent application across entities.
IFRS provides globally harmonized accounting standards enabling cross-border financial comparability in over 140 jurisdictions.
SEC EDGAR XBRL APIs provide real-time access to structured financial data from all public company filings as JSON.
The Data Quality Committee Rules Taxonomy (DQCRT) provides machine-enforceable rules for validating XBRL-tagged financial data.
Annual FASB taxonomy releases incorporate new accounting standards and ensure accurate representation of current GAAP requirements.
Use Cases
Companies use XBRL taxonomies when filing 10-K, 10-Q, and 8-K reports with the SEC, ensuring structured, machine-readable disclosure.
Investors and analysts use SEC EDGAR XBRL APIs to retrieve structured financial statements for quantitative analysis and screening.
CPAs and finance professionals use the FASB ASC to research applicable US GAAP guidance for specific transaction types and disclosures.
Finance teams implement GAAP or IFRS accounting standards to meet regulatory requirements and auditor expectations.
FinTech platforms integrate with SEC EDGAR APIs to ingest standardized financial data for valuation models, credit analysis, and benchmarking.
Integrations
The SEC's public filing database mandating XBRL for financial disclosures, providing free API access to all structured filing data.
Industry consortium supporting XBRL adoption in the US, providing taxonomy resources, training, and data quality rule development.
Human-readable HTML combining with machine-readable XBRL tags, now required by the SEC for financial statement filings.
European Securities and Markets Authority mandating IFRS XBRL reporting under the European Single Electronic Format (ESEF).
Deloitte's Accounting Research Tool providing access to FASB ASC and IFRS standards with interpretive guidance and examples.