The SEC will approve the US-GAAP 2014 Taxonomy on June 16th of this year. Because the EDGAR System will only accept XBRL reports that use the two most recent taxonomies released by FASB and approved for use by the SEC, this means that XBRL filings that use the US-GAAP 2012 Taxonomy will have the XBRL portion of the submission truncated when they are filed after June 16.
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