FASB on Dec. 15 said that the 2026 GAAP Financial Reporting Taxonomy (GRT), the 2026 SEC Reporting Taxonomy (SRT), and the 2026 GAAP Employee Benefit Plan Taxonomy (EBPT) are all available.

The FASB also said that the following taxonomies are already available. These are the 2026 DQC Rules Taxonomy (DQCRT) and the 2026 GAAP Meta Model Relationships Taxonomy (MMT), which, along with the GRT, SRT, and EBPT, is collectively called the “FASB Taxonomies.”

The 2026 GRT contains updates for FASB accounting standards released in 2025 prior to Dec. 1, 2025, as well as other recommended improvements.

The 2026 SRT has enhancements for elements whose underlying recognition and measurement are not specified by generally accepted accounting principles (GAAP) but are commonly utilized by GAAP filers, and for SEC schedules.

The DQCRT is uniquely structured from the typical design of XBRL taxonomies given that it is concentrated on conveying the XBRL US Data Quality Committee’s (DQC) validation rules—mostly for regulator use—although it is up to the discretion of the regulator to decide the rules to adopt for validation.

The DQCRT has a subset of the DQC rules. The FASB Taxonomy staff evaluates the validation rules for inclusion in the DQCRT that have been available to utilize for over a year, with consideration for how the DQC addressed any feedback got on a validation rule.

The MMT relationships' objectives are to assist the preparers in identifying the right elements for tagging their filings while helping data users in consuming data with added relationship data, They are also meant to help in writing business rules to leverage the added relationship information to assist with the right element selection and identification.

The 2026 GRT, 2026 SRT, and 2026 EBPT are anticipated to be accepted as final by the SEC early next year. Questions regarding utilizing FASB Taxonomies and establishing and submitting XBRL-tagged interactive data files in compliance with the SEC rules should be directed at the SEC.