XBRL US plans to soon publish an upgraded version of the Extensible Business Reporting Language interactive data tags for U.S. generally accepted accounting principles and is making the latest draft available for public review.

The second release of the XBRL U.S. GAAP Taxonomies builds on the first release that was completed and published on April 28 under contract with the Securities and Exchange Commission. XBRL US said it has received hundreds of comments since the original taxonomy was published (see XBRL Group Finalizes U.S. GAAP Taxonomies). It has vetted and incorporated many of the suggestions into the latest release. Various pronouncements from the Financial Accounting Standards Board have also been incorporated including FAS 140R, 160, 161 and 163.

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