Comment Letters - XBRL

As a private organization serving a broad public interest, the FASB has adopted an open decision-making process that permits considerable interaction between the Board and its constituents. This interaction takes many forms. One major part of interaction is in the form of comment letters. Comment letters are received from constituents in response to Discussion Papers, Exposure Drafts, and other discussion documents that are released to the public for comment.

Comment letters, which become an important part of a project's public record, are an important source of information regarding constituents' views on and experiences related to issues raised in a discussion document. 

Questions about comment letters should be directed to: sesutay@fasb.org

Select Document Title for List of Letters
Project Document Title Type of Document Issue Date
Taxonomy Proposed Technical and Other Conforming Improvements for the 2020 US GAAP Financial Reporting Taxonomy Proposed Taxonomy Improvements Release Notes October 2019
Taxonomy Proposed Accounting Standards Update—Collaborative Arrangements (Topic 808): Targeted Improvements Proposed Taxonomy Improvements Release Notes April 2018
Taxonomy Proposed Accounting Standards Update—Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. Disclosures for Implementation Costs Incurred for Internal-Use Software and Cloud Computing Arrangements (a consensus of the Emerging Issues Task Force) Proposed Taxonomy Improvements Release Notes April 2018
Taxonomy Proposed Taxonomy Changes for Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income Release Notes and Proposed Changes to the Taxonomy February 2018

 

Taxonomy (XBRL)

What's New—XBRL

FASB Staff Issues Proposed Technical and Other Conforming Improvements to the 2021 SEC Reporting Taxonomy (September 1, 2020)
Extensible Enumerations 2.0 Implementation Impact on Service Providers and XBRL Creation Software (August 27, 2020)
FASB Staff Issues for Comment Proposed Taxonomy Implementation Guide on Extensible Lists and Proposed Taxonomy Improvements for a Proposed Accounting Standards Update, Financial Services—Insurance (Topic 944): Effective Date and Early Application and Other Taxonomy Implementation Guides as Final (July 27, 2020)
SEC Announces EDGAR System Upgrade: 2018 GAAP Taxonomy No Longer Supported (June 30, 2020)
FASB Issues Taxonomy Staff Q&A Document on How to Apply the Taxonomy to COVID-19 Pandemic and Relief Disclosures (June 22, 2020)
FASB Staff Issues Proposed Taxonomy Improvements for a Proposed Accounting Standards Update, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities (April 22, 2020)
2020 Taxonomy Implementation Guides Now Available (March 18, 2020)
SEC Accepts 2020 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy (March 10, 2020)
Registration Opens for April 2, 2020 FASB Webcast: In FOCUS:2020 GAAP and SEC Reporting Taxonomy Improvements and SEC Update February 19, 2020)
FASB Staff Issues Proposed Taxonomy Improvements for a Proposed Accounting Standards Update, Codification Improvements (December 4, 2019)
FASB Staff Issues Proposed Taxonomy Improvements for a Proposed Accounting Standards Update, Derivatives and Hedging (Topic 815): Codification Improvements to Hedge Accounting (November 13, 2019)
Video: The XBRL Data User Perspective
Video: The GAAP Taxonomy: Why It’s Important