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Items tagged with "GAAP Financial Reporting Taxonomy"

FASB seeks public input on 2025 GAAP taxonomy revamp.

FASB seeks public input on 2025 GAAP taxonomy revamp

The Financial Accounting Standards Board (FASB) is seeking feedback on two proposed updates to its 2025 GAAP taxonomies, targeting clarity and efficiency in financial reporting. These improvements focus on the GAAP Financial Reporting Taxonomy Reference Project and the Meta Model Relationships Taxonomy, with the comment periods open until 15 and 29 November, respectively.

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SEC Approves 2019 Taxonomy

On 12 March the Securities and Exchange Commission (SEC) approved the US Financial Accounting Standards Board’s (FASB’s) 2019 GAAP Financial Reporting Taxonomy and the 2019 SEC Reporting Taxonomy. The updates to the GAAP Financial Reporting Taxonomy and the SRT for 2019 include changes to accounting standards, and a number of recommended improvements. The taxonomies are […]

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