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.
On October 9 the UK’s HMRC updated their guidance on the taxonomies they accept for company tax returns.
The Financial Accounting Standards Board (FASB) has issued a new release note describing taxonomy improvements for the 2019 GAAP Financial Reporting Taxonomy.
The UK’s Financial Reporting Council (FRC) has amended its XBRL accounting taxonomies to reflect changes introduced in the UK GAAP triennial review and three new IFRS documents. UK IFRS reporters to HMRC and Companies House will need to use this collection to file their annual accounts. UK GAAP reporters applying the Triennial Review Amendments can […]
The Central Bank of Russia has released a draft adjustment to the reporting requirements for insurance companies. The direct No. 4584-U changes the forms, terms and procedure for drawing up and submitting reports to the central bank.
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 […]
Filers and software providers in the UK should note that the Bank of England published a taxonomy release note on 31 August 2018. It accompanies v3.1.1 of their XBRL taxonomy, data point model (DPM) and taxonomy validations. V3.1.1 is a corrective release, correcting some issues in v3.0.0, and should be treated as a hotfix rather […]
The IFRS webinar about the 2018 taxonomy is available for replay. Impacted by IFRS? It’s important to you then. Find it here.
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 […]
축하해요 or Gratulálok – or perhaps just congratulations – might be the words coming the IFRS Foundation’s way as they take their taxonomy further towards truly global applicability. In a move to support both Korean and Hungarian-speaking users of the IFRS Taxonomy, the foundation has now published translations of their taxonomies in both languages. The […]