IFRS Foundation publishes IFRS Taxonomy 'common-practice' enhancements

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31 Aug, 2011

The IFRS Foundation has published IFRS Taxonomy 2011 interim release: common-practice concepts.

This interim release enhances the IFRS Taxonomy by providing common-practice extensions for the face of financial statements, to reduce the work load of preparers filing electronically.

In June 2011, the IASB published for public comment an exposure draft of the IFRS Taxonomy 2011 interim release: common-practice concepts which contained supplementary tags that reflected disclosures which were commonly reported by entities in their IFRS financial statements.

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