IFRS Taxonomy Update, 2021 Technology Update [Completed]
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Effective Date: |
The IFRS Accounting Taxonomy 2022, issued by the IASB on March 24, 2022, includes changes to the IFRS Accounting Taxonomy’s technology relating to this project. |
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Last updated: |
March 2022 |
Overview
On December 2, 2021, the International Accounting Standards Board (IASB) issued a proposed IFRS Taxonomy Update, IFRS Taxonomy 2021—Proposed Update 2 Technology Update".
The proposed changes aim to reflect developments in the technology that underlies or relates to the IFRS Taxonomy. They also consider variation in standards and practices and will support the usage of the IFRS Taxonomy or comparable taxonomies in different regulatory environments.
The proposed changes include:
- XBRL Specifications updates [Data Type Registry 1.1 and Transformation Registry 4];
- Use of HTTPS (rather than HTTP) addresses for the IFRS Taxonomy XBRL files;
- Changes to reference URI links;
- Additional entry points for the IFRS Taxonomy; and
- Changes to titles for definition linkbase roles.
The deadline for submitting comments is January 3, 2021.
The updates to the IFRS Accounting Taxonomy related to this project were approved and included in the IFRS Accounting Taxonomy 2022, which was issued by the IASB on March 24, 2022.
Other Developments
January 2022
On January 28, 2022, the IASB staff updated the Work Plan to indicate that the Board plans to issue the IFRS Taxonomy Update in March 2022.
December 2021
On December 2, 2021, the International Accounting Standards Board (IASB) issued a proposed IFRS Taxonomy Update, IFRS Taxonomy 2021—Proposed Update 2 Technology Update".