IFRS Foundation proposes update to IFRS Taxonomy 2022

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Nov 16, 2022

On November 16, 2022, the IFRS Foundation issued a proposed IFRS Taxonomy Update, "IFRS Accounting Taxonomy 2022 Proposed Update 1 — General Improvements and Common Practice". Comments are requested by December 16, 2022.

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

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

Correction list for hyphenation

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