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Should "Parent Comany [Member]" still be used under the "Legal Entity [Axis]"?

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2 commenti

  • Chrystal Mabou
    I'm confused. I am seeing conflicting guidance. The Edgar Filing Manual 6.6.7 states that facts that apply only to the parent company must have the Legal Entity [Axis] and Parent Company [Member].
  • Mike
    Hi Chrystal!

    In this particular instance, the EFM has NOT kept up with the change in the taxonomy, so I understand your confusion. If you look at the FASB implementation notes for Disclosures of Consolidated and Non-Consolidated Entities, they do provide some background and explanation of the Legal Entity axis. Here’s a link to the implementation guide. See page 4 for reference.

    Lastly, if you want further clarification, you most certainly can contact the SEC’s Office of Structured Disclosure. Here is their contact information:

    If you have any other questions for me, let me know and I’ll be happy to help however I can. Thanks as always and have a great day!


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