IASB publishes proposed IFRS Taxonomy update

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Oct 29, 2020

On October 29, 2020, the International Accounting Standards Board (IASB) published PTU/2020/4 "IFRS Taxonomy 2020 — General Improvements and Common Practice — Presentation of information in primary financial statements". Comments are requested by January 5, 2021.

The proposed update includes elements to reflect common reporting practice and new and amended labels to clarify the accounting meaning and intended use of some existing elements.

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

Correction list for hyphenation

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