The Financial Accounting Standards Board (FASB) has published the proposed 2016 U.S. GAAP financial reporting taxonomy and the related release notes for public comment and are available at http://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176164335312. The SEC is encouraging filers, investors and analysts to participate in this public review in an effort to improve the process of creating and using XBRL structured financial statements.
The deadline to submit comments is October 31, 2015 and should be submitted directly to the FASB’s Taxonomy Online Review and Comment System.
This is a great opportunity for users of the Taxonomy and all interested parties to offer feedback, guidance and suggest revisions to the Taxonomy.