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FASB Staff Seeks Comments on Improving GAAP Taxonomy

Financial Accounting Standards Board (“FASB”) staff members are seeking comments on its Invitation to Comment, U.S. GAAP Financial Reporting Taxonomy—Efficiency and Effectiveness Review. Intended to allow the FASB staff to assess the U.S. GAAP Financial Reporting Taxonomy, the Invitation to Comment addresses proposed improvements to the GAAP Taxonomy and the methods that help taxonomy-related activities.

Comments are due by Thursday, June 15.

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