The IFRS Foundation published for public comment a Proposed IFRS Taxonomy Update 2/2018 on general improvements to the IFRS Taxonomy 2018.
IFRS Taxonomy updates reflects new IFRS Standards or amendments to IFRS Standards issued by the International Accounting Standards Board. The updates may also include new common practice elements that enable companies to report electronically without creating entity-specific taxonomy concepts, or other taxonomy improvements that help to support consistent tagging and ensure data quality.
For the IFRS Taxonomy 2018—Proposed Update 2 General Improvements and related files, please go to the project page.
Deadline: 4 February 2019.
All comment letters should be submitted via the online upload page. If you have any problems using this page, please contact us for help with the submittal process. Please refrain from sending comment letters to IASB or IFRS Foundation individuals. Board and staff members have access to all comment letters submitted via the online upload page. You must be an eIFRS Basic user to submit a comment letter and registration is free.
All comment letters will be on the public record and posted on our website unless the respondent requests confidentiality. Such requests will not normally be granted unless supported by a good reason, for example, commercial confidence.