FASB Issues Proposed Taxonomy Implementation Guide for Employee Benefit Plans
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August 2024 The Financial Accounting Standards Board (FASB) has published a proposed Taxonomy Implementation Guide, Employee Benefit Plans (Including Defined Contribution Plans Filing SEC Form 11-K) (Guide) based on the 2024 GAAP Financial Reporting Taxonomy (Taxonomy). The proposed Guide demonstrates the modeling for the reporting by employee benefit plans through examples and focuses on detail tagging only (Level 4). The public comment period will end on September 24, 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. To find out more details please visit : https://www.sec.gov/ |