FASB Staff Requests Comments on Taxonomy Enhancements Related to Proposal on Disaggregation of Income Statement Expenses

The FASB has reexposed for public comment proposed taxonomy enhancements related to its proposed Accounting Standards Update Disaggregation of Income Statement Expenses. Among other changes, the proposed improvements would use “a typed-dimension for identifying the relevant income statement expense caption disaggregated by the required categories (for example, employee compensation, depreciation, intangible asset amortization, etc.) as outlined in the Proposed Accounting Standards Update.”

Comments on the reexposed proposed taxonomy improvements are due by August 30, 2024.