The Financial Accounting Standards Board (FASB) has published the proposed 2021 XBRL US Data Quality Committee Rules Taxonomy (DQCRT) and a related Technical Guide. The DQCRT incorporates XBRL US Data Quality Committee (DQC) validation rules in the U.S. GAAP Financial Reporting Taxonomy for optional use by filers. Separately, the FASB has issued a Technical Guide for the proposed 2021 SEC Reporting Taxonomy. The public comment period for the DQCRT and the two Technical Guides will end on December 1, 2020.

Commenters should follow the guidance to submit public comments related to the DQCRT and should submit public comments related to the Technical Guides 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.