The International Financial Reporting Standards (IFRS) Foundation has issued its annual XBRL taxonomy updates for financial reporting, publishing the IFRS Accounting Taxonomy 2023 this week.
The International Accounting Standards Board (IASB) has this week completed the Targeted Standards-level review of Disclosure Project, designed to discover an improved approach to developing new disclosure standards.
Comparability and interoperability between different reporting standards is an ever-important topic within business reporting. One source for understanding alignment is the IPSAS-IFRS Alignment Dashboard, which was recently updated, providing a useful resource for anyone who wants to understand where the two standards align and depart.
The International Financial Reporting Standards Foundation (IFRS) 2022 Taxonomy formula linkbase is now available for download. The updated linkbase reflects changes to the IFRS Accounting Taxonomy, including updates to axis aggregation validations, percentage warnings, and technical validations.
Following feedback to the Third Agenda Consultation, designed to help the International Accounting Standards Board (IASB) define its priorities for the next five years, the IASB will slightly increase its focus on digital financial reporting.
Emmanuel Faber, Chair of the International Sustainability Standards Board (ISSB), took to the COP27 stage last week to unveil the ISSB Partnership Framework, designed to boost the ability of smaller entities and emerging economy stakeholders to use the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards.
The International Financial Reporting Standards (IFRS) Foundation has published a summary of the World Standard-setters Conference 2022, and made the plenary sessions available to watch online.
The IFRS Foundation has published comment letters received on the draft IFRS Sustainability Disclosure Taxonomy. We anticipate very significant uptake of the taxonomy around the world, and it is crucial to ensure these digital disclosures are suitable for global consumption.
The IFRS Advisory Council this week discussed (inter alia) ‘Progressing our digital financial reporting strategy.’
Earlier this month, the International Sustainability Standards Board (ISSB) ran two live webinars on the IFRS Sustainability Disclosure Taxonomy and its current request for feedback.
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