SEC - The United States Securities and Exchange Commission
09/24/2024 | Press release | Distributed by Public on 09/24/2024 07:18
FASB Technical and Other Conforming Improvements for 2025 SEC Reporting Taxonomy
Breadcrumb
- Home
- Newsroom
- What's New
- FASB Technical and Other Conforming Improvements for 2025 SEC Reporting Taxonomy
Announcement
Copy LinkCopied!
FASB Technical and Other Conforming Improvements for 2025 SEC Reporting Taxonomy
Sept. 24, 2024
The Financial Accounting Standards Board (FASB) staff has issued proposed technical and other conforming improvements for the 2025 SEC Reporting Taxonomy and the related release notes for public comment. These proposed taxonomy improvements include new elements primarily related to oil and gas industry, modified standard and documentation labels to clarify elements and improve appropriate usage, and modified references to assist with element selection.
The comment period for the proposed taxonomy improvements for the 2025 SEC Reporting Taxonomy ends on November 5, 2024. Comments should be submitted directly to the FASB. The SEC staff encourages filers, investors, analysts, software service providers, and other interested parties to participate in this public review to continue to improve the process for creating and using XBRL-structured financial statements.
Last Reviewed or Updated: Sept. 24, 2024