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FASB staff proposes improvements to SEC Reporting Taxonomy

  • FASB (US Financial Accounting Standards Board) Image

Sep 09, 2019

The FASB staff has proposed technical and other conforming improvements to the 2020 SEC Reporting Taxonomy.

The proposal would modify standard and documentation labels and would introduce eight “new elements that were proposed based on a topical review for accounting changes and error corrections for which the underlying recognition and measurement are not specified by GAAP but are used by GAAP filers.”

Com­ments on the pro­posed SEC tax­on­omy im­prove­ments are due by November 8, 2019. For more in­for­ma­tion, see the release notes on the FASB’s Web site.

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.