The Financial Accounting Standards Board (FASB) has published the proposed 2021 XBRL US Data Quality Committee Rules Taxonomy (DQCRT) and its corresponding technical guide. The DQCRT integrates XBRL US Data Quality Committee (DQC) validation rules in the US GAAP Financial Reporting Taxonomy for discretionary use by filers. The FASB has also issued its own SEC Reporting Taxonomy technical guide for the proposed 2021 SEC Reporting Taxonomy.
To continue improving the process of creating and using XBRL-structured financial statements, SEC staff invites individuals, organizations, filers, investors, and other related entities to participate in this public review by sending remarks related to the issues raised in the proposed technical guides. Interested parties may submit feedback on or before December 1, 2020 by emailing responses to email@example.com or by mailing paper submissions to: Chief of Taxonomy Development, File Reference No. 2021-450 (for comments related to the US GAAP Financial Reporting Taxonomy and Data Quality Committee Rules Taxonomy) or File Reference No. 2021-550 (for comments related to the SEC Reporting Taxonomy), FASB, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116. If email is used to submit feedback, “File Reference No. 2021-450” or “File Reference No. 2021-550” should appear on the subject line. Please do not fax comments.
All comment letters submitted to the FASB will be publicly available on its Taxonomy Comment Letters Page webpage, and an electronic copy of the proposed technical guide is available now on fasb.org.