FRC updates taxonomies to reflect changes to UK GAAP and IFRS standards
08 Oct, 2018
The Financial Reporting Council (FRC) has made amendments to its suite of taxonomies last issued in December 2017.
The 2019 taxonomy suite covers IFRS standards that have been endorsed since the 2018 taxonomy suite releases. The standards included are IFRS 9 Financial Instruments; IFRS 15 Revenue from Contracts with Customers and IFRS 16 Leases.
The suite also reflects the amendments made to UK GAAP in December 2017 because of the Triennial Review of Financial Reporting Standard (FRS) 102.
The press release and updated taxonomies are available on the FRC website.
