The IFRS Foundation has today published IFRS Accounting Taxonomy 2025—Proposed Update 1 General Improvements.
This project focuses on existing narrative elements—both text and text block elements—to identify opportunities to streamline and clarify the purpose of existing narrative elements in the IFRS Accounting Taxonomy. The proposed changes include:
- categorising text block elements based on their intended use;
- streamlining existing narrative elements to align with the current modelling policy for narrative elements; and
- making other general improvements, such as targeted refinements to documentation labels and element types.
Read and comment on the proposed update
- Access the IFRS Accounting Taxonomy 2025—Proposed Update 1 General Improvements
- Submit your comment letter
The deadline for submitting comments is 7 September 2026.
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IFRS Accounting consultative documents
IFRS Accounting Standards development
IFRS Accounting digital reporting
