The IFRS Foundation published a Proposed IFRS Taxonomy Update yesterday. This proposed update includes a number of suggested changes to the IFRS Taxonomy 2018, to improve the quality of data reported using the IFRS Taxonomy and to make it easier to access and use. This is a consultation draft: issuers, users, data providers, regulators and accounting professionals should consider providing feedback to the IFRS team. You’ve got 60 days to do so, through 4 February 2019.
The IFRS Foundation is seeking candidates to join the IFRS Taxonomy Consultative Group from 1 April 2019. The IFRS Taxonomy Consultative Group contributes to the development of the IFRS Taxonomy by providing regular input on taxonomy related issues. Members are drawn from a variety of business and geographical backgrounds. The Board is keen to appoint […]
The IFRS Foundation’s set of Taxonomy business rules for 2018 is also now available to download. It can be used with software tools supporting XBRL Formula. The release is accompanying material to the IFRS Taxonomy 2018 and has been updated from the 2017 version to reflect changes in the IFRS Taxonomy content. The business rules can […]
A recent Chartered Financial Analyst (CFA) Institute survey indicates that segmented reporting information is critical to investors, yet disclosures need improving dramatically. Recent exchanges between investors and tech giants such as Amazon and Alphabet (aka Google) show the struggle: Amazon and Alphabet cloak the performance of important sections of their business such as Alexa, Amazon […]
The IFRS Foundation has announced that Turkish labels are now available for the IFRS 2017 taxonomy. To provide further support to Turkish-speaking audiences, the IFRS Foundation team also prepared a Turkish version of IFRS Taxonomy Illustrated or ITI. As a quick reminder, the ITI presents a simplified view of the IFRS Taxonomy in an unstructured […]
The IFRS webinar about the 2018 taxonomy is available for replay. Impacted by IFRS? It’s important to you then. Find it here.
System so that it now supports the 2018 IFRS Taxonomy. EDGAR Update 18.2 also signals the point at which a range of previous taxonomies are phased out. Companies are encouraged to use the most recent version of taxonomy releases for their XBRL exhibits in order to take advantage of the most up-to-date tags related to […]
The IFRS Foundation is organising a free webinar on 12 July 2018 to introduce the IFRS Taxonomy 2018 and to discuss changes from the IFRS Taxonomy 2017. The webinar will be offered at two different times. The first session is at 9:00 BST. The afternoon session starts at 15:00 BST. More information and registration details on the event […]
Enhancing the quality and accessibility of financial reporting is a core objective of the UK’s Financial Reporting Council, the UK’s audit regulator and financial standards setter. The FRC also has a full time taxonomy team, who look after the UK taxonomies for filing to that country’s tax authority, companies registrar and charities commission. (Public company […]
When people talk of how technology is likely to impact the future, the discussion goes one of two ways. Either down a road of fear that technology will bring with it an end to our freedoms and a loss of our jobs. Or that technology will pave the way for a new world where value […]