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The IFRS Foundation has today published the IFRS Accounting Taxonomy 2023.

The IFRS Accounting Taxonomy enables digital reporting of financial information prepared in accordance with IFRS Accounting Standards. Preparers can use the IFRS Accounting Taxonomy to tag disclosures, making them easily accessible to investors who prefer to receive financial information digitally.

The IFRS Accounting Taxonomy 2023 is based on IFRS Accounting Standards as at 1 January 2023, including those issued but not yet effective. Users can now access the Taxonomy layer in the 2023 Issued and Required Standards in the Standards Navigator.

The IFRS Accounting Taxonomy 2023 includes changes to the IFRS Accounting Taxonomy 2022 to reflect new or amended presentation and disclosure requirements arising from:

  • Lease Liability in a Sale and Leaseback, which amended IFRS 16 Leases, issued by the IASB in September 2022; and
  • Non-current Liabilities with Covenants, which amended IAS 1 Presentation of Financial Statements, issued by the IASB in October 2022 (IFRS Accounting Taxonomy 2022—Update 2).

The IFRS Accounting Taxonomy 2023 also includes changes to reflect common reporting practice by companies that apply IFRS Accounting Standards and general taxonomy improvements (IFRS Accounting Taxonomy 2022—Update 1).

Access the files for IFRS Accounting Taxonomy 2023 and the supporting information.

Followable tags

IFRS Accounting digital reporting
IFRS 16 Leases
IAS 1 Presentation of Financial Statements