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FASB Publishes Proposed Revisions to Future Taxonomy Related to Proposed ASU on Liabilities - Supplier Finance Programs

In December 2021, the FASB released a proposed update to the US Generally Accepted Accounting Principles (GAAP) Financial Reporting Taxonomy (US GAAP GRT) related to a Proposed Accounting Standards Update (ASU) on Liabilities - Supplier Finance Programs (Subtopic 405-50). The proposed revisions to the taxonomy will include new elements and reference updates.

Posted: January 26, 2022 7:30 am by LeAnn Dey in EDGAR News, XBRL, Accounting, FASB News, US GAAP Taxonomy

SEC Issues Guidance for Filers Using Incorrect Context Dates for Reported Facts

January 24, 2022 10:40 am – The SEC's Division of Economic and Risk Analysis noted that some filers were using incorrect context dates when tagging fact values in Forms 10-K and 10-Q. [...]

XBRL US to Hold Webinar: Supporting ESG Data with Standards

January 18, 2022 6:06 pm – XBRL US will host a webinar on January 19 to discuss the demand for corporate Environmental Social Governance data and what investors expect from public companies reporting about their environmental impact. [...]

SEC’s Small Business Advocate to Hold Capital Call January 19

January 17, 2022 5:40 pm – The SEC’s Office Advocate Small Business Capital Formation Capital will hold a virtual call on January 19th to explore issues in current capital raising that impact startups through small cap businesses and their investors. [...]