XBRL Taxonomy Update, March 7, 2016
March 7, 2016
On March 7, 2016, the EDGAR system was upgraded to Release 16.0.3 and now supports the 2016 US GAAP, 2016 COUNTRY, 2016 CURRENCY and 2016 EXCH taxonomies. The 2016 US GAAP financial reporting taxonomy reflects the same taxonomy that FASB made available on its website on December 17, 2015. The 2016 COUNTRY, 2016 CURRENCY and 2016 EXCH taxonomies reflect the same taxonomies the staff posted for public comment on September 1, 2015. The staff does not anticipate that the removals of the 2014 US GAAP financial reporting taxonomy, the 2012 COUNTRY, the 2012 CURRENCY and the 2014 EXCH taxonomies will occur before June 2016.
Please see http://www.sec.gov/info/edgar/edgartaxonomies.shtml for a complete listing of supported standard taxonomies.
The staff strongly encourages companies to use the most recent version of taxonomy releases for their XBRL exhibits to take advantage of the most up-to-date tags related to new accounting standards and other improvements. The staff suggests that filers consider transitioning to the 2016 taxonomies for the earliest reporting period that ends after March 7, 2016, but not for reporting periods that end before March 7, 2016.