FRC updates taxonomies to reflect changes to UK GAAP and IFRS standards

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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.

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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.