The Financial Accounting Standards Board (FASB) has made available the 2012 US GAAP Financial Reporting Taxonomy pending final acceptance by the US Securities and Exchange Commission (SEC). The FASB is responsible for the ongoing development and maintenance of the taxonomy applicable to public issuers registered with the SEC.
The 2012 US GAAP Financial Reporting Taxonomy contains updates for accounting standards and other improvements to the 2011 taxonomy currently used by SEC issuers. The FASB issued proposed improvements to the taxonomy in the fall, allowing users of the taxonomy to provide feedback on the updates and to provide SEC filers, service providers, software vendors, and other interested parties the opportunity to become familiar with and incorporate new element names for their filings.
Questions about using this taxonomy for creating and submitting eXtensible Business Reporting Language (XBRL) tagged interactive data files in compliance with SEC rules should be directed to the SEC.
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