2019 IFRS XBRL taxonomy issued
Mar 27, 2019
On March 27, 2019, the IFRS Foundation issued its 2019 IFRS Taxonomy. The IFRS Taxonomy is a translation of IFRS Standards into XBRL (eXtensible Business Reporting Language).
The IFRS Taxonomy 2019 is consistent with IFRS Standards as issued by the IASB at January 1, 2019 and includes changes to the IFRS Taxonomy 2018 such as:
- disclosure requirements in IFRS 13 Fair Value Measurement; and
- improvements including (1) the introduction of implementation notes and duration type elements, (2) the removal of entry points without documentation labels, and (3) other improvements.
The IFRS Foundation has also published IFRS Taxonomy 2018—Update 1 Common Practice (IFRS 13 Fair Value Measurement) and IFRS Taxonomy 2018—Update 2 General Improvements. The IFRS Taxonomy 2019 incorporates the changes resulting from these two updates.
Review the press release and IFRS Taxonomy 2019 page on the IASB's website.
