Comment on the proposed general improvements to the IFRS Taxonomy 2018 by Monday 4 February

January 16, 2018

Published: IFRS

In December 2018, the IFRS Foundation published IFRS Taxonomy 2018—Proposed Update 2 General Improvements for public consultation.

The proposed changes aim to improve the quality of tagged data and to make the IFRS Taxonomy easier to useThe proposed update:

– introduces implementation notes that explain how to use specific IFRS Taxonomy elements and avoid tagging errors;

– introduces the ‘duration’ element type for reporting information about a period of time to achieve more consistent tagging;

– removes entry points without documentation labels to make it easier to access the IFRS Taxonomy.

 

The deadline for submitting comments is Monday 4 February 2019.

https://www.ifrs.org/news-and-events/2019/01/comment-on-the-proposed-general-improvements-to-the-ifrs-taxonomy-2018/

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