FASB Proposes Updates to Development GAAP Taxonomy

The FASB has released proposed updates to its Development GAAP Taxonomy to reflect Accounting Standards Update (ASU) No. 2025-12, Codification Improvements. The development taxonomy includes updates for ASUs published from December 1, 2025, to December 31, 2025.

For information on submitting comments on the proposed taxonomy updates, see the FASB’s Web site.