IFRS Foundation proposes further updates to IFRS Taxonomy 2023

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Nov 06, 2023

On November 6, 2023, the IFRS Foundation issued a proposed IFRS Taxonomy Update, 'IFRS Accounting Taxonomy 2023 — Proposed Update 2 'Common Practice for Financial Instruments, General Improvements and Technology Update''.

On November 6, 2023, the IFRS Foundation issued a proposed IFRS Taxonomy Update, 'IFRS Accounting Taxonomy 2023 — Proposed Update 2 'Common Practice for Financial Instruments, General Improvements and Technology Update''.

The proposed changes reflect:

  • common reporting practice relating to the presentation of financial instruments in digital financial statements prepared by banking institutions using IFRS Accounting Standards; 
  • general improvements; and
  • updates to the IFRS Accounting Taxonomy’s technology

Comments are requested by January 5, 2024.

Refer the proposed changes in the press release on the IFRS Foundation website.

Correction list for hyphenation

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