The Financial Accounting Standards Board (FASB) staff has issued proposed improvements for references in the 2024 U.S. Generally Accepted Accounting Principles (GAAP) Financial Reporting Taxonomy (the Taxonomy) and the related release notes for public comment. These proposed improvements include adding references to sections 45, 50, and S99 of various accounting topics in the FASB's Accounting Standards Codification, and is part of the FASB staff's ongoing efforts to review the Taxonomy references for further improvement.

The comment period for these proposed improvements for references in the 2024 U.S. GAAP Financial Reporting Taxonomy ends on November 16, 2023. 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.