Significant process changes at the IASB
XII is very supportive of proposed changes to the way the IFRS Taxonomy is updated.
Items tagged with "Taxonomy"
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List of Agencies Seeking Public Comment
XII and a number of other organisations are currently requesting comment on a number of items. We encourage you to take full advantage of the opportunity and make yourself heard!
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Danish GAAP Taxonomy Available for Review
A first draft of the 2015 DK GAAP XBRL Taonomy, which includes updates pursuant to the new DK Annual Accounts Act, is ready for review.
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Comment on the 2016 US GAAP Taxonomy
The 2016 DRAFT US GAAP Taxonomy is available for comment. Deadline is 31 October.
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IASB Releases Proposed Taxonomy Update
The IASB has just released Update 2 to the 2015 IFRS Taxonomy with proposed additions for entities engaged in Information Technology, Media, Chemicals and Utilities.
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XBRL Global Ledger Gets Multi-language Labels
The XBRL GL Working Group has released a package of multi-language labels to support the XBRL GL 2015 Framework that was released in March. The package provides full translations for Brazilian Portuguese, Chinese, Italian, Spanish, as well as partial translations for Finnish, Canadian French, and Turkish. We are seeing more entities making use of the capabilities […]
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Taxonomy Packages Advanced to Candidate Recommendation with Call for Implementations
Taxonomy Packages make taxonomies easier to use by allowing for automated configuration of support software and additional meta-data that help users understand the way they are structured.
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Filing Guide for Regulators
The IFRS Foundation has published guidance for regulators around the world looking to adopt the IFRS Taxonomy for the electronic filing of International Financial Reporting Standards (IFRS) based financial statements.
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IASB Updates Formula Linkbase
The IASB has published the 2015 Formula Linkbase. Updates include implementation of generic labels for each formula group; revised schema imports; and revised human-readable validation messages. The IFRS Formula Linkbase may be used for filings with the IFRS Taxonomy directly, regulatory extensions to the taxonomy or with entity specific extensions. Learn more.
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Brazil Taxonomy Acknowledged
The Brazil GAAP Commercial and Industrial Taxonomy has been added to XII’s list of Acknowledged Taxonomies. XII’s multi-step Taxonomy Recognition Process validates the conformance of the taxonomy to the XBRL specification, determines that a taxonomy has been correctly authored, and that it has had sufficient input from the public and meets the needs for which it was created. Learn more.
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