US SEC adopts the 2013 US GAAP Financial Reporting Taxonomy

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22 May 2013

The Financial Accounting Foundation (FAF) and the Financial Accounting Standards Board (FASB) have announced that the US Securities and Exchange Commission (SEC) has adopted the 2013 US GAAP Financial Reporting Taxonomy.

The 2013 Taxonomy contains updates for accounting standards and other improvements to the 2012 Taxonomy as used by issuers filing with the SEC.

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