FASB proposes 2024 SEC reporting taxonomy enhancements
The US Financial Accounting Standards Board (FASB) staff is seeking public input on proposed improvements to the 2024 SEC Reporting Taxonomy (SRT). These enhancements cover new elements, like disclosures about share repurchase programs and insurance, and updates to references across various topics. This move aligns with FASB’s commitment to keep references current.
The comment window for these proposed improvements closes on November 6, 2023. Filers, investors, analysts, and software service providers are encouraged to provide feedback directly to the FASB. Your input can help refine XBRL-structured financial statements and improve the reporting process.
Access the release note here.
