IFRS Taxonomy 2017 [Completed]
Effective date: |
January 1, 2017 |
Last updated: |
March 2017 |
Overview
On March 9, 2017, the IFRS Foundation published the IFRS Taxonomy 2017, which reflects the IFRS standards as issued by the International Accounting Standards Board at January 1, 2017, including standards published but not yet effective at that date.
The IFRS Taxonomy 2017 incorporates the IFRS Taxonomy Updates 1 and 2 published since the annual IFRS Taxonomy 2016 release. These Updates related to the Disclosure Initiative (Amendments to IAS 7) and Applying IFRS 9, Financial Instruments with IFRS 4, Insurance Contracts (Amendments to IFRS 4) respectively. The IFRS Taxonomy 2017 includes also common practice additions for entities engaged in agriculture, leisure, franchise and retail activities resulting from the Proposed Taxonomy Update 3-Common Practice modified in the light of comments received on that document.
Other developments
March 2017
On March 9, 2017, the IFRS Foundation published the IFRS Taxonomy 2017.
December 2016
On December 15, 2016, following a review by the IFRS Taxonomy Consultative Group (ITCG), the IFRS Foundation published the Proposed Taxonomy Update 3 for public comment. Two comment letters were received. The Foundation analyzed the comments received, and where appropriate, changes were made.
December 2016
On December 8, 2016 - the IFRS Foundation issued Taxonomy Update 2 to the IFRS Taxonomy 2016.
September 2016
On September 12, 2016, following a review by the IFRS Taxonomy Consultative Group (ITCG), the IFRS Foundation published the Proposed Taxonomy Update 2 for public comment. No comment letters were received.
April 2016
On April 28, 2016, following a review by the IFRS Taxonomy Consultative Group (ITCG), the IFRS Foundation issued Taxonomy Update 1 to the IFRS Taxonomy 2016.