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GAAP.RUNewsFAF/FASB and XBRL US Labs Announce Research Initiative

FAF/FASB and XBRL US Labs Announce Research Initiative

Project will advance XBRL taxonomy maintenance and publishing best practices

Publication date: 26 April 2010

XBRL US Labs, the research and development arm of XBRL US, and the Financial Accounting Foundation (FAF), the parent organization of the Financial Accounting Standards Board (FASB), have announced a three-year agreement for cooperative XBRL taxonomy research.

XBRL US Labs, the research and development arm of XBRL US, and the Financial Accounting Foundation (FAF), the parent organization of the Financial Accounting Standards Board (FASB), have announced a three-year agreement for cooperative XBRL taxonomy research for US GAAP (which was initially developed by XBRL US under contract to the US Securities and Exchange Commission, SEC).