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Thursday 27 November 2014

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 Project History of the IFRS Taxonomy 2014


 

  • 22 August to 5 September 2013 - the IFRS Foundation issued a draft of the Proposed Interim Release Package 1 to the XQRT (XBRL Quality Review Team) for review.  The XQRT is an external committee that supports the Foundation by reviewing draft taxonomies, and 6 comment letters from the XQRT were received. The Foundation analysed and responded to all comments received and, where appropriate, changes were implemented in the IFRS Taxonomy.
  • 9 September to 11 November 2013 - the IFRS Foundation published the Proposed Interim Release Package 1 for public comment, to which 5 comments letters were received. We considered all of the points raised when developing the final IFRS Taxonomy 2014. 
  • 10 December to 27 December 2013 - the IFRS Foundation issued a draft of the Proposed Interim Release Package 2 to the XQRT for review. 4 comment letters from the XQRT were received. The Foundation analysed and responded to all comments received, and where appropriate, changes were implemented in the IFRS Taxonomy.
  • 15 January to 14 February 2014 - the IFRS Foundation published the Proposed Interim Release Package 2 for public comment, to which 8 comments letters were received. We considered all of the points raised when developing the final IFRS Taxonomy 2014. 
  • 5 March 2014 - the final Taxonomy 2014 was published.