FASB Staff Releases Proposed GAAP Taxonomy Implementation Guide for Investment Companies

The FASB staff has released for public comment a proposed GAAP taxonomy implementation guide containing a number of examples that are intended “to demonstrate the modeling for reporting by investment companies.” The purpose of these examples is to improve users’ understanding of the structure of such modeling in the GAAP taxonomy (which comprises both the GAAP Financial Reporting Taxonomy and the SEC Reporting Taxonomy).

Comments on the proposed taxonomy implementation guide are due by August 10, 2026.