The Financial Accounting Standards Board has released the latest version of the U.S. GAAP Taxonomy using the data-tagging technology, XBRL, or Extensible Business Reporting Language, which the Securities and Exchange Commission now requires public companies to use with their financial statement filings.

The proposed 2014 U.S. GAAP Financial Reporting Taxonomy is open for public review and comment until Oct. 31, 2013.

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