This Week in XBRL: Major Changes on the Horizon for EDGAR Taxonomy

The SEC announced earlier this month that, effective July 2^nd, they will no longer support the 2009 US GAAP Taxonomy. This change will line up with SEC’s Release 12.1 of the EDGAR Online System. The Ohio Society of CPA’s has more info.

In addition [to the removal of 2009’s US GAAP Taxonomy], the new version of EDGAR will no longer support:

    U.S. GAAP Taxonomy 1.0.

    U.S. Financial Reporting Taxonomy Framework 2005.

    U.S. Schedule of Investments Taxonomy 2008.

    Risk Return Taxonomy 2008.

    Risk Return Taxonomy 2006.

Filings using these taxonomies will no longer be accepted in the EDGAR system.

As always, the SEC suggests that all companies use the most recent taxonomies for their online filings. You can get a full list of supported taxonomies here, and you can check out the SEC’s current draft for the 12.1 EDGAR Filer Manual here.

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