US GAAP 2012 taxonomy released for public review
Posted on Sun 11 September 2011 in XBRL
The proposed 2012 Taxonomy contains Accounting Standards Updates issued and other recommended improvements since the 2011 Taxonomy, which is currently used by issuers filing with the U.S. Securities and Exchange Commission (SEC).
It can be found on following link
http://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176158877750
Deadline to submit written comments is October 31, 2011.
The 2012 U.S. GAAP Financial Reporting Taxonomy is expected to be finalized and published in early 2012.
In early 2010, the Financial Accounting Foundation (FAF), parent organization to the FASB and the Governmental Accounting Standards Board, assumed maintenance responsibilities for the taxonomy. The FAF and the FASB assembled a team of technical staff dedicated to updating the taxonomy for changes in U.S. GAAP, identifying best practices in taxonomy extensions, and technical enhancements.
Useful links: