IFRS Foundation issued its 2024 IFRS Accounting Taxonomy
Mar 24, 2024
On March 27, 2024, the IFRS Foundation issued its 2024 IFRS Accounting Taxonomy. The IFRS Taxonomy enables electronic reporting of financial information prepared by IFRS Accounting Standards.
The 2024 IFRS Accounting Taxonomy is consistent with IFRSs issued by the IASB on January 1, 2024, including those issued but still not effective. The 2024 IFRS Taxonomy also incorporates the changes made to the IFRS Taxonomy in 2023, reflecting amended IFRSs and standard reporting practices by companies that apply IFRS Accounting Standards and general taxonomy improvements.
Access the press release on the IFRS’s website.