SEC - U.S. Securities and Exchange Commission
10/09/2026 | Press release | Distributed by Public on 10/09/2026 09:02
FASB Technical and Other Conforming Improvements for 2027 GAAP Financial Reporting Taxonomy
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Announcement
FASB Technical and Other Conforming Improvements for 2027 GAAP Financial Reporting Taxonomy
Oct. 9, 2026
Oct. 9, 2026 - The Financial Accounting Standards Board (FASB) staff has issued proposed technical and other conforming improvements for the 2027 GAAP Financial Reporting Taxonomy and the related release notes for public comment. The proposed taxonomy improvements include deprecations for guidance that has been superseded, modified standard and document labels to clarify elements, and modified references to assist element selection.
The comment period for the proposed taxonomy improvements for the 2027 GAAP Financial Reporting Taxonomy ends on Oct. 30, 2026. 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: Oct. 9, 2026
SEC - U.S. Securities and Exchange Commission published this content on October 09, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 09, 2026 at 15:02 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]