The proposed amendments to these taxonomies are among many released throughout the year as proposed ASUs are issued. The taxonomies incorporate all of these taxonomy updates, which are issued in the final quarter of each calendar year. The taxonomies’ version for proposed updates related to proposed ASUs will be determined based on the effective date of each final ASU.

The public comment period on the proposed updates will end on July 5, 2021. Comments and queries may be submitted via email to xbrled@fasb.org. Interested parties, including filers, investors, analysts, and software service providers, are encouraged to take part in this public review to continue to enhance the process for creating and using XBRL-structured financial statements. This request for public comment regarding the proposed revisions to the taxonomies is not meant to suggest SEC approval of any potential regulatory changes concerning the EDGAR Filer Manual. Each proposed taxonomy update has a public comment period, but the annual release of the taxonomies’ version for that year does not provide a public comment period concerning taxonomy changes for ASU.

For SEC XBRL submissions, only annual compilations of the taxonomies that are specified on the SEC’s website may be used. For updated information, particularly when the SEC approves changes to the EDGAR Filer Manual, refer to the SEC’s EDGAR webpage.

Sources:

FASB Issues Proposed Updates for Future Taxonomies Related to Proposed ASU on Fair Value Hedging (sec.gov)

Proposed Accounting Standards Update—Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method (fasb.org)