This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IFRS Foundation publishes proposed general improvements to the IFRS Taxonomy

  • IFRS - IASB Image

Dec 06, 2018

On December 6, 2018, the IFRS Foundation published "IFRS Taxonomy 2018 — Proposed Update 2 "General Improvements''". Comments are requested by February 4, 2019.

The proposed changes aim to improve the quality of tagged data and to make the IFRS Taxonomy easier to use by:

  • introducing implementation notes that explain how to use specific IFRS Taxonomy elements and avoid tagging errors;
  • introducing the duration element type for reporting information about a period of time to achieve more consistent tagging; and
  • removing entry points without documentation labels to make it easier to access the IFRS Taxonomy.

Review the press release and proposed update on the International Accounting Standards Board’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.