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The International Accounting Standards Board (the Board) published a proposed update to the IFRS Taxonomy 2017 for public comment.

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

The proposed IFRS Taxonomy Update sets out proposed amendments to the IFRS Taxonomy for IFRS 17 Insurance Contracts.

For the Proposed IFRS Taxonomy documents and files, please go to the project page.

Deadline for submitting a comment: 18 September 2017