The U.S.Securities and Exchange mission (SEC)has now announced its preliminary 2018reporting taxonomy following a formal public review of the proposal.The 2018SEC Reporting Taxonomy (SRT)moves a range of elements from the GAAP Financial Reporting Taxonomy into a new taxonomy that can be used for panies reporting under both IFRS and US GAAP.
The broad categories addressed in the SRT include:
·The oil and gas industry
·Financial schles
·ndensed nsolidating financial information for guarantors
·untry de elements
·mon axis/domain used while reporting financials in US-GAAP.
The introduction of the SRT taxonomy eliminates the need for foreign private issuers (FPIs)using the IFRS taxonomy to import the US-GAAP Financial Reporting Taxonomy.This simplifies what would otherwise be a plex process.
The full text of SEC announcement is available here and the taxonomy on the FASB web here。
中文新闻:SEC发布2018版报告分类标准初步版本 |