The 2022 U.S. GAAP taxonomy reflects updates as a result of accounting standards and
other improvements. The 2022 SEC taxonomy “contains improvements for removing references
for superseded guidance, adding references to improve selection of the appropriate
element for the disclosure requirement, and adding new abstract elements.” The 2022 XBRL
DQC taxonomy includes 10 new DQCRs.
The taxonomies are subject to final SEC approval, which is expected to be granted in
early 2022. For more information, see the press release on the FASB’s Web site.