Summary of the June 2017 ITCG meeting
Aug 01, 2017
On August 1, 2017, the International Accounting Standards Board (IASB) published notes to the IFRS Taxonomy Consultative Group (ITCG) meeting held on June 12, 2017.
The ITCG discussed the following:
- Update on recent activities related to better communication in financial reporting.
- Updates by the ESMA and the SEC on the use of the IFRS Taxonomy.
- Content and structure of a draft of Using the IFRS Taxonomy — a preparer’s guide.
- Proposed IFRS Taxonomy content changes.
- IFRS Taxonomy tables.
- Update by XBRL International on entity-specific disclosures.
- Views on proposals for introducing IFRS Taxonomy implementation notes.
- Development of an IFRS Taxonomy commenting platform.
Review the summary on the IASB's website.
