Proposed Interim Release Package 1 on the IFRS Taxonomy 2013 published for public comment
9 September 2013
The IFRS Foundation has published today 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 proposed 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
For files and support materials click here
The IFRS Foundation held a webinar on 30 September 2013 to provide details and answer questions related to this interim release. To download the presentation, click here.
To comment on the proposed IFRS taxonomy 2013 Interim Release Package, click here.
The comment period will close on 11 November 2013.