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IFRS Taxonomy Proposed Update, Disclosure of Accounting Policies and Definition of Accounting Estimates [ED]

Com­ment period ends on June 21, 2021.

Next steps:

The IASB expects to issue the IFRS Taxonomy Update in Q4/2021

Last updated:

July 2021

Overview

The International Accounting Standards Board (IASB) issued a proposed IFRS Taxonomy Update, "IFRS Taxonomy 2021 Proposed Update 1 — Disclosure of Accounting Policies and Definition of Accounting Estimates".

 The proposed taxonomy update includes changes to the IFRS Taxonomy elements to reflect new and amended disclosure requirements in:

 

Other developments

July 2021

On July 23, 2021, the IASB staff updated the Work Plan to indicate that the Board plans to issue the final Taxonomy Update in Q4/2021.

April 2021

On April 21, 2021, the IASB issued a proposed IFRS Taxonomy Update, "IFRS Taxonomy 2021 Proposed Update 1 — Disclosure of Accounting Policies and Definition of Accounting Estimates". Comments are requested by June 21, 2021.

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.