On November 2nd, the Financial Accounting Standards Board (FASB) staff released for public comment proposed improvements for references in the 2024 US GAAP Financial Reporting Taxonomy and the related release notes. As part of the FASB staff’s ongoing efforts to review the taxonomy references for further improvement, the proposed improvements would, among other things, add references to sections 45, 50, and S99 of certain accounting topics in the FASB’s Accounting Standards Codification.
Interested parties may submit email comments directly to the FASB through November 16, 2023. 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 Proposed Improvements for 2024 US GAAP Reference Project (sec.gov)
