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]
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).
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 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]
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]
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]
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]
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]
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]
The Financial Accounting Standards Board (FASB) staff recently issued for comment the following:
The comment period ends on September 23, 2021.
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