The Financial Accounting Standards Board (FASB) announced the availability of the 2024 GAAP Financial Reporting Taxonomy (GRT) and the 2024 SEC Reporting Taxonomy (SRT) (collectively referred to as the “GAAP Taxonomy”). The FASB also announced the availability of the 2024 DQC Rules Taxonomy (DQCRT), which together with the GAAP Taxonomy are collectively referred to as the “FASB Taxonomies.”
The FASB announcement explains updates made to the taxonomies, and notes that the 2024 GRT and SRT taxonomies are expected to be accepted as final by the Securities and Exchange Commission (SEC) in early 2024.
Read the announcement: FASB Announcement Availability of 2024 Taxonomies
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