FASB Staff Proposes Improvements to References in 2026 GAAP Financial Reporting Taxonomy

The FASB staff has released for public comment proposed improvements to references as part of its “ongoing development and maintenance” of the 2026 GAAP Financial Reporting Taxonomy. The purpose of the proposed improvements is to “help locate the appropriate element and understand the role type assigned to the reference” as well as to “reduce inconsistencies in application and enhance the intended use of the elements.”

Comments on the proposed improvements are due by October 30, 2025.