IASB issues proposed update to IFRS Taxonomy 2017

Released 18 May 2017

The International Accounting Standards Board (IASB) has published a proposed update to the International Financial Reporting Standard (IFRS) Taxonomy 2017 for public comment.

IFRS Taxonomy updates reflect new IFRS Standards and amendments to Standards issued by the IASB, allowing entities that report electronically using the latest Standards to do so without creating their own taxonomy concepts. The updates may also include technical updates, new common practice elements or general taxonomy improvements.

The proposed IFRS Taxonomy Update sets out proposed amendments to the IFRS Taxonomy for IFRS 17 Insurance Contracts.

The comment deadline is 18 September 2017.

More details are available at IFRS.

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