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Items tagged with "IFRS"

IFRS Taxonomy 2020 available in Korean

Good news for Korean speakers! The International Financial Reporting Standards (IFRS) Taxonomy 2020 labels in Korean are now available. Alongside the taxonomy, versioning information shows changes from previous years.

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IASB: Improved IFRS standard to capture rate-regulated companies’ performance

The International Accounting Standards Board (IASB) has published proposals for a new International Financial Reporting Standards (IFRS) standard that would give investors better information about financial performance of rate-regulated companies.

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IFRS Foundation: September roadmap to sustainability standard

The International Financial Reporting Standards (IFRS) Foundation Trustees have announced their intention to produce a definitive proposal for global sustainability standards, including a roadmap with timeline, by the end of September 2021 – and the compass may point straight to the establishment of an international Sustainability Standards Board (SSB) along similar lines to the International […]

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Russia’s ready to rumble: IFRS Work Plan for 2021

The Russian Ministry of Finance has released the ‘Interagency Working Group’s work plan for IFRS applications for 2021’, with a tantalising glimpse of XBRL unification. The working group will cover a wide range of issues relating to International Financial Reporting Standards (IFRS), which were endorsed for use in the Russian Federation in 2011 and have […]

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Computers are Dumb!

The International Financial Reporting Standards (IFRS) Foundation consultation on sustainability standards drew to a close recently, with almost 500 responses filed. Among them was XBRL International’s response on behalf of the wider XBRL community.

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IFRS Taxonomy updated for IBOR Amendments

Late last year, following an accelerated amendment process, the International Accounting Standards Board (IASB) issued a package of amendments to the IFRS Standards designed to help ease the ongoing Inter-Bank Offered Rates (IBOR) transition. The amendments should ensure that investors and regulators have sufficient, useful information about the effects of the reform on entities.

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IFRS proposes Taxonomy update

This week the IFRS Foundation published a draft taxonomy update to IAS 19, Employee Benefits.

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EU enforcers looking for Covid-19 Transparency

The European Securities and Markets Authority (ESMA) has published its annual Public Statement on European Common Enforcement Priorities – and Covid-19 is at the top of the list.

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IFRS Taxonomy Update

The IFRS Foundation has published proposed updates to its taxonomy. The proposed changes aim to support the high-quality tagging of information presented in primary financial statements.

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Time for a global solution? 

This week IFRS Foundation Trustee Teresa Ko underlined why she thinks that the IFRS’ history of good governance and transparency makes it an ideal base for a new Sustainability Standards Board.

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