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IFRS Taxonomy

Exposure draft IFRS Taxonomy 2011

 Draft 2011 taxonomy


On 18 January, the IFRS Foundation published for public comment an exposure draft of the IFRS Taxonomy 2011.  The proposed taxonomy is consistent with IFRSs, including IASs and the IFRS for SMEs.  The IFRS Taxonomy 2011 is a translation of IFRSs as issued at 1 January 2011 into XBRL (eXtensible Business Reporting Language).

From an architectural framework perspective, the 2011 taxonomy is consistent with the architecture established for the 2010 taxonomy as part of the Interoperable Taxonomy Architecture project, which will support existing users of the taxonomy and also software developers.

In terms of financial reporting content, the scope of the 2011 taxonomy has been expanded to include IFRS application and implementation guidance and IFRS illustrative examples.  This is intended to reflect IFRSs more comprehensively, thereby supporting preparers of IFRS financial statements in XBRL format.

The 2011 taxonomy also consolidates all IFRS Taxonomy interim releases that were published in 2010 for the use of early adopters wishing to report new IFRSs and improvements to IFRSs issued by the IASB in XBRL format.

Comment letter deadline

The exposure draft was open for comment until 18 March 2011.  The comment deadline has passed and the comment period is now closed.

All comment letters received will be treated as public documents and will be published on this website unless requested otherwise by the respondent.

Webcast recording

    Click here to listen to the webcast on the proposed taxonomy from 27 January 2011

Taxonomy files

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LetterSubmitterSort OrderOrganisationSort Order
Draft 2011 taxonomy  
2011 ED CL1Ms Ami BeersAICPA
2011 ED CL4Douglas NivenASIC (Australian Securities & Investments Comm
2011 ED CL2Miss Pilar SauraIII Working Group on IFRS impact and Central Balance Sheet Data Offices Databases
2011 ED CL5Ms Gargi RayInfosys Technologies Limited
2011 ED CL6Lisa HowesKPMG IFRG Limited
2011 ED CL7Chirag ShahLarsen & Toubro Limited