Proposed Interim Release: IFRS Taxonomy 2013—Documentation, architecture and IFRS updates
On 9 September 2013 the IFRS Foundation published for public comment an Interim Release Package on the IFRS Taxonomy 2013.
The IFRS Taxonomy 2013 is a translation of IFRS as issued at 1 January 2013 into XBRL (eXtensible Business Reporting Language).
IFRS Taxonomy interim releases contain additional taxonomy concepts that reflect new IFRSs and improvements to IFRSs published by the IASB, thereby allowing entities wishing to report electronically using the latest IFRSs to do so without the need for these entities to create their own taxonomy concepts. They may also contain technical updates and corrections.
This interim release is designed to be part of an accelerated timeline for the release of the IFRS Taxonomy 2014. The final version of the IFRS taxonomy 2014 is expected to be published in early 2014. It is hoped that an earlier release date for the annual taxonomy will help regulators and other users.
This Interim Release Package is an update to the 2013 Taxonomy annual release and includes:
- Taxonomy amendments to reflect the IAS 36 narrow-scope amendments issued on 29 May of this year
- A structural update - taxonomy modularisation changes
- The addition of a new documentation linkbase; and
- Taxonomy improvements
Comment letter deadline
The Proposed Interim Releaseis open for comments until 11 November 2013.
All comment letters should be submitted via the online upload page below. Please refrain from sending comment letters to IASB or IFRS Foundation individuals as this risks duplication and may cause delays in the posting of letters onto the ifrs.org website. Board and staff members have access to all comment letters submitted via the online upload page. You must be a registered eIFRS user to submit a comment letter. Registration is free, and you can register here (registration is free).
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View the Comment letters.