Filing Guide for Regulators
The IFRS Foundation has published guidance for regulators around the world looking to adopt the IFRS Taxonomy for the electronic filing of International Financial Reporting Standards (IFRS) based financial statements. IASB Chair Hans Hoogervorst stressed the value of electronic filing and structured data to investors. The IASB is doing a number of things that are making the adoption of international accounting standards a driver for XBRL adoption, including considering the ramifications of digital reporting as part of the standards development process. Read the press release or access the guide directly.