Posted on Wednesday, March 24, 2021

The Securities and Exchange Commission (SEC) has updated EDGAR to Release 21.1 and now supports these 2021 taxonomies:

  • U.S. GAAP SEC Reporting (SRT)
  • Countries (COUNTRY)
  • Currencies (CURRENCY)
  • Document and Entity (DEI)
  • Exchanges (EXCH)
  • North American Industry Classification System (NAICS)
  • Risk-Return (RR)
  • Standard Industrial Classification (SIC)
  • State and Province (STPR)

The SEC announcement indicated that they will not remove the 2019 U.S. GAAP, 2019 SRT, or any previous year versions of the other taxonomies before June 2021. Please see https://www.sec.gov/info/edgar/edgartaxonomies.shtml for a complete listing of supported standard taxonomies.

The SEC encourages companies to use the most recent version of taxonomy releases for their XBRL exhibits to take advantage of the most up-to-date tags related to new accounting standards and other improvements, and suggests that filers consider transitioning to the 2021 taxonomies for the earliest reporting period that ends after March 22, 2021, but not for reporting periods that end before March 22, 2021.

Read the announcement.