The IFRS Foundation published today for public comment the proposed Taxonomy Update 3 to the IFRS Taxonomy 2015.
This proposed Taxonomy Update incorporates the IFRS Taxonomy elements for IFRS 16 Leases, issued by the IASB in January 2016. In addition, it includes the amended references in relation to the deferral of the effective
date of IFRS 15 Revenue from Contracts with Customers, issued in September 2015.
Updates to the IFRS Taxonomy contain additional taxonomy concepts that reflect new Standards and amendments to Standards issued by the IASB. They may also contain technical updates, new common practice elements or general taxonomy improvements.
The proposed Taxonomy Update 3 to the IFRS Taxonomy 2015: IFRS 16 Leases is open for comment until 21 March 2016.
For XBRL files, the IFRS Taxonomy Illustrated, versioning reports, element definitions in Microsoft Excel and other supporting materials, click here.