This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

SEC accepts 2021 U.S. GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy

  • FASB (US Financial Accounting Standards Board) (lt blue) Image
  • US_SEC Image

Mar 23, 2021

On March 23, 2021, the Financial Accounting Standards Board (FASB) announced that the Securities and Exchange Commission (SEC) has accepted the 2021 GAAP Financial Reporting Taxonomy and the 2021 SEC Reporting Taxonomy.

The 2021 taxonomies reflect accounting standards updated during the past year as well as improvements related to two SEC final rules and other enhancements. In addition, the FASB has finalized the 2021 DQC Rules Taxonomy.

Review the press release on the FASB's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.