FASB Technical and Other Conforming Improvements for 2026 SEC Reporting Taxonomy

The Financial Accounting Standards Board (FASB) staff has issued proposed technical and other conforming improvements for the 2026 SEC Reporting Taxonomy and the related release notes for public comment. The proposed taxonomy improvements mainly include deprecations of elements because of infrequent use in practice or superseded guidance.

The comment period for the proposed taxonomy improvements for the 2026 SEC Reporting Taxonomy ends on November 4, 2025. Comments should be submitted directly to the FASB. The SEC staff encourages filers, investors, analysts, software service providers, and other interested parties to participate in this public review to continue to improve the process for creating and using XBRL-structured financial statements.