IASB proposes update to IFRS Taxonomy 2021

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Dec 02, 2021

On December 2, 2021, the International Accounting Standards Board (IASB) issued a proposed IFRS Taxonomy Update, "IFRS Taxonomy 2021 Proposed Update 2 — Technology Update". Comments are requested by January 3, 2022.

The proposed changes aim to reflect developments in the technology that underlies or relates to the IFRS Taxonomy. They also consider variation in standards and practices and will support the usage of the IFRS Taxonomy or comparable taxonomies in different regulatory environments.

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

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