The XBRL staff of the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) aimed at making targeted improvements to the FASB Accounting Standards Codification. The proposal is part of FASB’s ongoing Codification Improvements project, which focuses on technical corrections, clarifications, unintended applications of existing guidance, and other incremental enhancements to GAAP.
The proposed amendments address a number of separate issues across a broad range of Codification Topics and would apply to reporting entities subject to the affected guidance. Overall, the amendments are intended to clarify existing requirements, correct errors, and make the Codification easier for stakeholders to understand and apply.
For further details on the proposed codification improvements, click here. To view the ASU’s release notes, click here. Comments may be submitted via email at xbrled@fasb.org through November 19, 2026. Please include File Reference Number 2026-ED500 in the subject line.
Sources:
FASB Seeks Public Comment on Proposed Codification Improvements (fasb.org)
Codification Improvements ASU (fasb.org)
