Comment deadline for FRC XBRL consultation
On 8 May 2014, the FRC published a consultation on drafts of three proposed new XBRL accounts taxonomies to support XBRL reporting under new UK GAAP and EU-adopted IFRS (“the consultation”). The consultation seeks comments from “users, preparers and others” on three taxonomies to reflect full EU adopted IFRS and the new financial reporting standards for the UK and Ireland – FRS 101 and FRS 102.
Comments are invited until 8 July 2014.