IFRS Publishes 2020 Taxonomy

Posted on March 20, 2020 by Editor

This week the IFRS Foundation published the IFRS Taxonomy 2020, based on the latest IFRS Standards. It incorporates an update designed to help data users understand how uncertainty relating to interest rate benchmark reform affects an entity’s hedging relationships.

The publication is accompanied by the updated IFRS Taxonomy Formula Linkbase 2020 which can help validate disclosures, preventing preparers from making errors such as reporting negative values where positive values are expected.

Read more and access the files here.

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