On September 30th, the Financial Accounting Standards Board (FASB) staff issued proposed technical and other conforming improvements for the 2026 GAAP Financial Reporting Taxonomy and the related release notes for public review and comment.
The release includes the following proposed improvements:
- modified references to assist with element selection and to remove references to superseded guidance, excluding references modified from review under the reference project expected to be exposed separately
- modified standard and documentation labels to clarify elements and improve appropriate usage
- deprecations for guidance that has been superseded and to improve consistency and structure from topical projects and other reviews
The public may submit feedback on the proposed taxonomy improvements through October 31, 2025. Comments should be submitted directly to the FASB via email to xbrlguide@fasb.org with File Reference Number 2026-2500 as the subject.
Sources:
FASB Staff Issues Proposed Technical and Other Conforming Improvements for the 2026 GAAP Financial Reporting Taxonomy (fasb.org)
Release Notes (fasb.org)
