As reported by the Financial Accounting Standards Board (FASB), the FASB will release the authoritative version of the FASB Accounting Standards Codification TM as of July 1, 2009. The Codification will represent the single source of authoritative US GAAP other than SEC guidance. The Codification will supersede all previous authoritative US GAAP standards including the related references used in the 2009 US GAAP taxonomy other than SEC references.
The FASB will provide XBRL-US with an interim US GAAP taxonomy extension that includes the Codification references that align with the 2009 taxonomy. This taxonomy extension will be made available in July. The taxonomy extension will include links to the FASB Codification website at http://asc.fasb.org.
The 2010 release US GAAP taxonomy will incorporate Codification references
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