The Financial Accounting Standards Board (FASB) staff has released proposed technical and other conforming enhancements for the 2024 SEC Reporting Taxonomy and the related release notes for public review and comment. The proposed taxonomy enhancements include new elements related to disclosures about share repurchase programs and insurance and modified references changes which comprise a range of topics as part of the FASB staff's ongoing efforts to maintain current references for all of the elements.
Interested parties may submit email comments directly to the FASB through November 6th. To ensure the process for creating and using XBRL-structured financial statements continues to improve, the SEC staff encourages filers, investors, analysts, software service providers, and others to participate in this public review.
Source:
FASB Technical and Other Improvements for 2024 SEC Reporting Taxonomy (sec.gov)
