Proposed 2022 Q3 Supplemental GAAP Taxonomy Now Available for Public Review and Comment
Norwalk, CT—June 30, 2022—The Financial Accounting Standards Board (FASB) today announced the availability for public review and comment the Proposed 2022 Q3 Supplemental GAAP Taxonomy which includes improvements to the GAAP Financial Reporting Taxonomy and the SEC Reporting Taxonomy (collectively referred to as the “GAAP Taxonomy”) (File Reference No. 2022-600). The deadline to submit written comments is August 1, 2022.
The Proposed 2022 Q3 Supplemental GAAP Taxonomy includes improvements for the U.S. Securities and Exchange Commission (SEC) Release Nos. 33–10771; 34–88606; IC–33836. Those releases require that a business development company submit financial statement information using Inline XBRL. In addition, the Proposed 2022 Q3 Supplemental GAAP Taxonomy will include improvements needed to tag disclosures required by SEC Staff Accounting Bulletin No. 121, which covers the accounting for obligations to safeguard crypto-assets that an entity holds for platform users.
The Proposed 2022 Q3 Supplemental GAAP Taxonomy is available on the FASB’s Taxonomy (XBRL) page and through the following link:
https://www.sec.gov/structureddata for further details.
Questions about using the FASB taxonomies and creating and submitting XBRL-tagged interactive data files in compliance with SEC rules should be directed to the SEC. SEC details and guidance are available at the SEC’s portal on Structured Data.