2022Q3 US GAAP Taxonomy Supplement

The 2022 Q3 Supplemental GAAP Taxonomy which is made up of improvements to the GAAP Financial Reporting Taxonomy and the SEC Reporting Taxonomy (collectively referred to as the “GAAP Taxonomy”) includes improvements for the U.S. Securities and Exchange Commission (SEC) Release Nos. 33–10771; 34–88606; IC–33836. That release requires that a business development company submit financial […more]


2022 US GAAP Financial and SEC Reporting Taxonomies

The 2022 GAAP Financial Reporting Taxonomy (GRT) contains updates for accounting standards, Data Quality Committee Rules and other improvements since the 2021 Taxonomy as used by issuers filing with the U.S. Securities and Exchange Commission (SEC).


FASB Launches Public Review for DQCRT

The Financial Accounting Standards Board (FASB) announced the start of a public review period for the proposed 2023 DQC Rules Taxonomy (DQCRT) which adds the following DQC Rules: • DQC 0013: Negative Values with Dependence • DQC 0015: Negative Values • DQC 0047: Calculation Descendants with No Balance Type • DQC 0053: Excluded Members from […more]


XBRL US Comments on FASB Q3 Supplemental GAAP Taxonomy

XBRL US commented on the Financial Accounting Standards Board (FASB) Q3 Supplemental GAAP Taxonomy which contains concepts to help Business Development Companies (BDC) meet their new tagging requirements in addition to other improvements. Review the FASB Announcement about the public comment  period. Read the XBRL US letter:XBRL US Comment on FASB Q3 Supplemental GAAP Taxonomy, […more]


FASB Announces Public Review of 2022 Q3 Supplemental GAAP Taxonomy

The Financial Accounting Standards Board (FASB) announced the public review and comment period for the 2022 Q3 Supplemental GAAP Taxonomy. This taxonomy contains elements to help Business Development Companies (BDC) meet their new tagging requirements in addition to other improvements. The taxonomy is out for public review through August 1, 2022. Review the FASB Announcement […more]


FASB Webcast: IN FOCUS: 2022 GAAP Taxonomy Improvements & SEC Update

1PM ET Tuesday, April 5, 2022
Webinar hosted by FASB
Register to attend

The discussion will include the following: Acting Chief Accountant Paul Munter’s remarks on the OCA’s priority on high quality financial reporting for investors’ benefits, OCA staff’s use of XBRL data and the importance of tagging accuracy. An update from the SEC Office of Structured Disclosure staff on SEC taxonomies and observations on data quality. Additional […more]


FASB Taxonomy – Proposed Improvements for a Proposed ASU on Topic 326—Troubled Debt Restructuring & Vintage Disclosures

Tuesday, November 23 - Thursday, December 23, 2021
Public Review hosted by FASB
Troubled Debt Restructuring & Vintage Disclosures (Topic 326)

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. FASB Staff Issues Proposed GAAP Taxonomy Improvements for a Proposed Accounting […more]


SEC Announces FASB Proposed Technical Improvements for 2022 SRT

Today the Securities and Exchange Commission (SEC) announced that the FASB has issued proposed technical and other confirming improvements for the 2022 SEC Reporting Taxonomy, along with related release notes and a proposed Technical Guide.  The FASB is requesting comments on the guide and taxonomy improvements. Comments should be submitted directly to the FASB. Download […more]


FASB Call for Comment – the 2022 SRT and Technical Guide

Wednesday, September 1, 2021 - Thursday, September 23, 2021
Proposed Taxonomy Improvements Comment Period hosted by FASB
Visit FASB's XBRL page

The Financial Accounting Standards Board (FASB) staff recently issued for comment the following: Proposed technical and other conforming improvements for the 2022 SEC Reporting Taxonomy (SRT)(File Reference No. 2022-1100) Proposed SEC Reporting Taxonomy Technical Guide (Technical Guide) (File Reference No. 2022-1150) The comment period on the proposed DQCRT and the proposed accompanying Technical Guide ends […more]


FASB Call for Comment – DQC Rules Taxonomy and Technical Guide

Monday, August 24 2021 - Thursday, September 23, 2021
Proposed Taxonomy Improvements Comment Period hosted by FASB
Proposed DQCRT Taxonomy & Technical Guide

The Financial Accounting Standards Board (FASB) staff recently issued for comment the following:

The comment period ends on September 23, 2021.