DEVELOPMENT US GAAP Financial Reporting Taxonomy

Public Review and Comment

There may be several taxonomies available for comment at any point in time. This includes the development version of the US GAAP Financial Reporting Taxonomy ("Development Taxonomy") and Accounting Standards Update (ASU) Taxonomy Changes. See below links to the taxonomies.

We encourage all interested parties to review and comment on the 'Development Taxonomy' and 'Accounting Standards Update Taxonomy Changes'. To encourage feedback, the FASB Online Review and Comment System (TORCS) is operational throughout the year. All comments are tracked and reviewed for potential inclusion in a subsequent taxonomy release. All comments are acknowledged when received but it is not possible to respond directly to individual comments.

Individuals providing comments on the taxonomies are required to register with a "user name" and email address. Please note that all comments will be visible to other registered users.

Additional guidance and links to TORCS are provided:

Guidance is included for using TORCS. Users are encouraged to review the entire guide with special attention given to the "Searching" instructions starting on page 8 and the "Commenting" instructions starting on page 12 of the guide. The search function includes a new "highlight" feature that can be used to identify all new elements in the taxonomy. We have included a "saved search" for new elements but users can easily create custom searches.


THE TAXONOMIES AND SUPPORTING MATERIALS PROVIDED THROUGH THESE LINKS ARE FOR REVIEW PURPOSES ONLY AND ARE NOT TO BE USED OR RELIED UPON FOR ANY PURPOSES OTHER THAN FOR THIS REVIEW AND COMMENT. YOUR USE OF THE TAXONOMIES FOR THESE PURPOSES SHALL BE SUBJECT TO THE TERMS AND CONDITIONS LOCATED AT THE INITIAL LINK TO THE TAXONOMIES.