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IFRS Taxonomy Update—2017 Annual Improvements

  • IFRS - IASB Image

Nov 30, 2017

On November 30, 2017, the International Accounting Standards Board's (IASB) IFRS Foundation published a Proposed IFRS Taxonomy Update to reflect changes to the IFRS Taxonomy 2017 resulting from annual improvements. The comment deadline is January 29, 2018.

The Proposed IFRS Taxonomy Update proposes a number of improvements to the IFRS Taxonomy 2017, including:

  • enhancements to the data model to support consistent tagging of reporting related to continuing and discontinued operations;
  • changes to better reflect the disaggregation of disclosures in IAS 19 Employee Benefits; and
  • changes to better reflect disclosures in IFRS 7 Financial Instruments: Disclosures relating to the initial application of IFRS 9 Financial Instruments.

Review the press release and proposed update on the IASB's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.