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Current stage

The International Accounting Standards Board (IASB) is considering changes to the IFRS Taxonomy resulting from the Initial Application of IFRS 17 and IFRS 9―Comparative Information (Amendment to IFRS 17), issued in December 2021.

A proposed update to the IFRS Taxonomy reflecting the amendments to disclosure requirements was published for public comment on 16 December 2021. The deadline for submitting comments is 17 January 2022.

IASB® Update October 2021

The Board met on 27 October 2021 to discuss the comment period for the forthcoming proposed IFRS Taxonomy update and the timing of its approval.

The Board decided to shorten the comment period to 30 days.

All 12 Board members agreed with this decision.