Process Improvement
Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy.
Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy.
FASB Staff Issues Proposed Taxonomy Improvements for a Proposed Accounting Standards Update on Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative and for a Proposed Accounting Standards Update on Simplifying the Accounting for Income Taxes (Topic 740)
The Financial Accounting Standards Board (FASB) staff recently issued for comment, proposed Taxonomy improvements for the following proposed Accounting Standards Updates:
- Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative (Release Notes) – comment period ends June 28,2019
- Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (Release Notes) – comment period ends June 28,2019
Interested parties may provide comments on the proposed Taxonomy Improvements by sending their comments to xbrled@fasb.org.
