SEC Accepts 2019 U.S. GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy

The FASB has announced that the SEC has accepted the 2019 U.S. GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy. The 2019 taxonomies reflect accounting standards issued during the past year as well as other corrections and improvements to the 2018 taxonomies.

For more information, see the press release on the FASB’s Web site.