FASB Announces Upgrade of SEC EDGAR System to Release 20.2
FASB announced that SEC has upgraded the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system to Release 20.2. The EDGAR system no longer supports the 2018 US GAAP Financial Reporting Taxonomy, the 2018 SEC Reporting Taxonomy, the 2012 and 2013 Investment Schedule (INVEST), the 2016 Countries (COUNTRY), the 2017 Currencies (Currency), and the 2018 Exchanges (EXCH) taxonomies.
Additionally, the EDGAR system was upgraded to support the 2020 Document and Entity Information (DEI) Taxonomy, which was updated as a result of the SEC’s adoption of certain amendments. These include the addition of a check box to the cover pages of Forms 10-K, 20-F, and 40-F, indicating whether an internal control over financial reporting auditor attestation is included in the filing. A complete listing of supported standard taxonomies is available on the SEC website. The SEC staff 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.
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Keywords: Americas, US, Banking, Securities, Reporting, Taxonomy, GAAP Taxonomy, SEC Reporting Taxonomy, EDGAR 20.2, DEI Taxonomy, XBRL, EDGAR, FASB, SEC
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