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The International Accounting Standards Board (Board) has today published a proposed update to the IFRS Taxonomy 2021 for the following amendments to IFRS Standards:

  • Disclosure of Accounting Policies, which amended IAS 1 and IFRS Practice Statement 2; and
  • Definition of Accounting Estimates, which amended IAS 8.

The Proposed IFRS Taxonomy Update includes changes to the IFRS Taxonomy elements to reflect the new and amended disclosure requirements introduced by the amendments, issued by the Board in February 2021.

Access the IFRS Taxonomy 2021Proposed Update 1 Disclosure of Accounting Policies and Definition of Accounting Estimates. The deadline for submitting comments is 21 June 2021.

Followable tags

IFRS Accounting consultative documents
IFRS Accounting digital reporting
IFRS Practice Statement 2 Making Materiality Judgements
IAS 1 Presentation of Financial Statements
IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors