XBRL taxonomy released for public comment.

• Position: Extensible business reporting language - US Financial Reporting Taxonomy Framework - Www.xbrl.org/us/usfrtf/2004-08-15/TaxonomyFrameworkOverview.htm

XBRL-US recently released the US Financial Reporting Taxonomy Framework (USFRTF) as a public working draft. The goals of this extensive framework, which includes industry taxonomies for the commercial & industrial, banking and savings, and insurance sectors, are to minimize duplicate elements for a single concept between taxonomy components, ease maintenance of the taxonomies, and ease company extension and instance creation. Comments are due Nov. 15.

The AICPA XBRL team played a leading role in the development of these financial reporting taxonomies, which are intended to provide...