FASB Announces SEC’s Acceptance of 2022 Q3 Supplemental GAAP Taxonomy

The FASB has announced the SEC’s acceptance of the Board’s 2022 Q3 Supplemental GAAP Taxonomy. The taxonomy includes enhancements related to the SEC’s April 2020 final rule on securities offering reform for closed-end investment companies as well as “improvements needed to tag disclosures discussed in SEC Staff Accounting Bulletin No. 121, which covers the accounting for obligations to safeguard crypto-assets that an entity holds for platform users.”

For more information, see the media advisory and the FASB’s Taxonomy (XBRL) Web page.