IFRS Foundation publishes proposed IFRS Taxonomy update

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Sep 20, 2018

On September 20, 2018, the IFRS Foundation published "IFRS Taxonomy 2018 — Proposed Update 1 Common Practice (IFRS 13 "Fair Value Measurement")". Comments are requested by November 19, 2018.

This Taxonomy update includes elements to reflect the new common reporting practice for the disclosure requirements in IFRS 13, Fair Value Measurement, including (1) sensitivity of fair value measurement to changes in unobservable inputs and (2) quantitative information about significant unobservable inputs used in fair value measurement.

Review the press release and Taxonomy update on the Board’s website.

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