IASB updates IFRS Accounting Taxonomy 2021

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Feb 15, 2022

On February 15, 2022, the International Accounting Standards Board (IASB) issued IFRS Accounting Taxonomy 2021 — Update 1 Disclosure of Accounting Policies and Definition of Accounting Estimates.

The taxonomy update includes changes to elements to reflect new and amended disclosure requirements in Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2) and Definition of Accounting Estimates (Amendments to IAS 8).

Review the press release on the IASB’s Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.