IFRS Taxonomy Update (General Improvements and Common Practice — IAS 19, Employee Benefits) [ED]
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Comment period ends on January 26, 2021 |
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Next steps: |
The IASB plans to review the Proposed Update feedback in February 2021 |
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Last updated: |
December 2020 |
Overview
On November 24, 2020, the International Accounting Standards Board (IASB) published "IFRS Taxonomy 2020 — General Improvements and Common Practice — IAS 19, Employee Benefits".
The proposed update includes elements to reflect common reporting practice and new and amended labels to clarify the accounting meaning and intended use of some existing elements.
For further details, refer to the press release and proposed update on the IASB’s website.
Other developments
December 2020 review the Proposed Update feedback in February 2021
On December 18, 2020, the IASB staff updated the Work Plan to indicate that the Board plans to review the Proposed Update feedback in February 2021.
November 2020
On November 24, 202, the International Accounting Standards Board (IASB) published "IFRS Taxonomy 2020"- General Impovements and Common Practice - IAS 19, Employee Benefits". Comments are requested by January 26, 2021.