FASB Releases GAAP Taxonomy Amendments

FASB Releases GAAP Taxonomy Amendments

By Prathamesh 7 November, 2022
news

The US Financial Accounting Standards Board (FASB) has issued for comment its annual proposed technical and other conforming improvements for the 2023 version of the GAAP Financial Reporting Taxonomy (GRT). This is one of the major XBRL taxonomies used in submissions to the Securities and Exchange Commission (SEC).

The revisions include new elements reflecting the latest reporting requirements, the removal of outdates elements, and minor modifications for clarity and usability.

To find out more details please visit : https://xbrl.org/