IFRS Taxonomy interim releases
Following the release of the annual IFRS Taxonomy 2013, the IFRS Foundation will also publish interim releases. IFRS Taxonomy interim releases may contain:
- Taxonomy changes as a result of new or amended IFRSs issued during 2013
- New taxonomy concepts to reflect IFRS common reporting practice
- Architectural changes
- Any other taxonomy improvements
IFRS Taxonomy interim releases support consistent adoption and implementation of IFRS, by providing taxonomy items for electronic reporting using the latest Standards published by the IASB. This will reduce the need for entities to create their own taxonomy elements.
Interim releases to the IFRS Taxonomy 2013
Below are the interim releases that have been published to the IFRS Taxonomy 2013.
|Interim Release Date
|taxonomy files and supporting materials
|Monday 9 September 2013
|Documentation, architecture and narrow-scope improvements to IAS 36
|Click here to view
||IAS 36 project page
To view the interim releases published to the IFRS Taxonomy 2011 and IFRS Taxonomy 2012, please click here. Prior to 2011, the IFRS Foundation released a single version of the IFRS Taxonomy each year, following the publication of the IFRS Bound Volume. For that reason, no interim release are available for that period.
IFRS Taxonomy interim releases do not follow the full due process that is applied to the annual IFRS Taxonomy. Interim releases are subject to review by the IFRS Foundation XBRL Quality Review Team, but public consultation is an optional step. A formal public consultation is generally undertaken during the review of the Exposure Draft of the annual IFRS Taxonomy.
The IASB and the Trustees Due Process Oversight Committee are currently assessing the due process requirements for XBRL. One of the changes being considered is to make each proposed interim release the primary document for public consultation. This would replace the end of year consultation for the compiled annual IFRS Taxonomy. It would give IFRS Taxonomy users the chance to comment at an early stage and should speed up the publication date of the annual version of the IFRS Taxonomy.
We strongly recommend that you provide us with comments on the proposed IFRS Taxonomy interim release(s) to help us assess how effective this staggered review process is likely to be.
About the XBRL architecture of the IFRS Taxonomy interim releases
In general, the file architecture for an IFRS Taxonomy interim release is the same as for the Annual release. Changes made for the interim release can be identified via the supporting materials which include documentation of the changes and an XBRL Versioning report.