The Financial Accounting Standards Board (FASB) announced that they will be holding a webinar, “2024 GAAP and SEC Reporting Taxonomy Improvements and SEC Update” on Tuesday, April 2 from 1:30 – 3:00 PM ET. The discussion will feature a fireside chat with Christine Botosan, FASB Board Member, and Christine Cheng, Assistant Professor of Accounting at the Patterson School of Accountancy at the University of Mississippi, moderated by Brian Gale, Financial Economist, U.S. Securities and Exchange Commission (SEC) Office of Structured Disclosure. The conversation will cover:
- The use of XBRL tagged financial statements in the academic and standards community.
- An update from the SEC Office of Structured Disclosure staff on SEC taxonomies and observations on data quality.
- Improvements from SEC Guidance Release Nos 33-11070; 34-95025 (includes annual reports for employee benefit plans for Form 11-K).
- Overview of the 2024 Taxonomy Releases.
- The 2024 DQC Rules Taxonomy and 2024 Meta Model Taxonomy.
- Other technical updates to the 2024 Taxonomy, including Calculation 1.1.
Read the announcement: Registration Opens for April 2 FASB Webinar on 2024 GAAP and SEC Reporting Taxonomy Improvements and SEC Update (March 1, 2024)
