This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Summary of the discussions at the December ITCG meeting

  • ITCG meeting (mid blue) Image

16 Dec 2014

The IASB's IFRS Taxonomy Consultative Group (ITCG) held its meeting on 11 December 2014. The IASB has now published on its website meeting notes from that meeting.

Topics discussed were:

  • Staff proposal for the IASB to approve IFRS Taxonomy common practice (‘CP’)
    ITCG members agreed with the staff’s presentation on the benefits of CP. In addition, some members believe that a clear definition of the scope of the IASB’s involvement is needed to reduce risks where the IFRS Taxonomy may be perceived as authoritative.
  • ITCG reviews in progress or upcoming
    The staff summarised the ITCG with the status of the Proposed Interim Release 3 and the upcoming publication of the disclosure initiative exposure draft.
  • Outstanding actions from the October ITCG face-to-face meeting
    The ITCG were updated on the status of (1) the completion of the review of the EBA and EIOPA data model for credit risk disclosures, (2) integration of the ITCG review comments for the ‘Draft Regulator’s Guide to Using the IFRS Taxonomy’, and (3) the potential research paper on entity-specific disclosures.

Please click for access to the meeting notes on the IASB website.

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.