SEC adopts new taxonomies

Posted on March 10, 2017 by Editor

It’s clearly a big week for taxonomy updates, with the US SEC also announcing that its EDGAR system has been updated to accept filings that conform to the 2017 US GAAP taxonomy that was published by the FASB in December. A number of other, more minor changes were made at the same time, as well as, for the first time, the publication of the IFRS taxonomy for Foreign Private Issuers in the United States. Details can be found here.