With the exception of the International Financial Reporting Standards (IFRS) taxonomy, each 2022 taxonomy will be compatible only with other 2022 taxonomies. The 2022 version of the IFRS taxonomy is not currently available. The 2021 version of the IFRS taxonomy will be compatible with the 2022 versions of other taxonomies when used together with the 2022 version of the US GAAP taxonomy. Apart from this exception, when a filer attempts to use a 2022 taxonomy with a previous year’s taxonomy in the same filing, the filing will be suspended. Should any new or updated taxonomies be required to be used for reporting periods that end on or after March 21, 2022, those newly required taxonomy versions will not be compatible with prior version years.

This release also marks the first time EDGAR will accept the Variable Insurance Product (VIP) taxonomy. VIP taxonomy provides the technical specifications for the use of the Inline XBRL format for submitting certain required disclosures in the variable contract statutory prospectus.

The following taxonomies are now accepted by the EDGAR system:

• US GAAP Financial Reporting
• SEC Reporting Taxonomy (SRT)
• Closed-End Fund (CEF)
• Countries (COUNTRY)
• Currencies (CURRENCY)
• Document and Entity Information (DEI)
• Exchanges (EXCH)
• North American Industry Classification System (NAICS)
• Risk/Return (RR)
• Standard Industrial Classification (SIC)
• State and Province (STPR)
• Variable Insurance Product (VIP)

The 2022 SEC Reporting Taxonomy (SRT) and the 2022 US GAAP Financial Reporting Taxonomy mirror the same taxonomies the Financial Accounting Standards Board (FASB) made available on its website on December 17, 2021. The SEC is not expecting the 2020 US GAAP, the 2020 SRT, or any prior year’s versions of the other taxonomies to be removed before June 2022.

Following the taxonomies’ upgrade, the SEC recommends that:

• filers consider transitioning to the 2022 taxonomies for the earliest reporting period that ends after March 22, 2022, but not for reporting periods that end before March 22, 2022
• companies use the latest version of taxonomy releases for their XBRL exhibits to make use of the most current tags associated with new accounting standards and other optimizations

For more information and a complete list of supported standard taxonomies, visit the Standard Taxonomies webpage on sec.gov.

Note that the latest version of the GoFiler family of products (5.13a) supports required taxonomy changes. We recommend you keep your software up to date to receive the latest changes from the SEC.

Source:

2022 XBRL Taxonomies Update (sec.gov)

Standard Taxonomies (sec.gov)