Press Release XBRL US, the non-profit consortium dedicated to improving business reporting, announced the formation…
2014 US GAAP Financial Reporting Taxonomy Now Available for Public Review and Comment
The Financial Accounting Standards Board (FASB) released the proposed 2014 US GAAP Financial Reporting Taxonomy for public review and comment.
The deadline to submit written comments is October 31, 2013. The proposed 2014 US GAAP Financial Reporting Taxonomy is expected to be finalized and published in early 2014. The new taxonomy contains updates for accounting standards and other recommended improvements to the official taxonomy, which is used by public issuers registered with the U.S. Securities and Exchange Commission. Questions about using this taxonomy for creating and submitting eXtensible Business Reporting Language (XBRL) tagged interactive data files in compliance with the SEC rules should be directed to the SEC. SEC contact details and guidance are available at the SEC’s portal on XBRL.