The IFRS Foundation published for public comment a proposed update to the IFRS Taxonomy 2017 to take account of the 2017 annual improvements.

IFRS Taxonomy updates reflect new IFRS Standards and amendments to Standards issued by the Board, allowing companies that report electronically using the latest Standards to do so without creating their own taxonomy concepts. The updates may also include technical improvements, new common practice elements or other taxonomy improvements.

For the Proposed IFRS® Taxonomy Update—IFRS Taxonomy 2017—Annual Improvements and related files, please go to the project page.

Deadline for submitting comment letters: 29 January 2018

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