IFRS Foundation publishes proposed IFRS Taxonomy update

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20 Sep, 2018

The IFRS Foundation has published 'IFRS Taxonomy 2018 — Proposed Update 1 Common Practice (IFRS 13 'Fair Value Measurement')'.

This Taxonomy update includes elements to reflect the new common reporting practice for the disclosure requirements in IFRS 13 Fair Value Measurement, including (1) sensitivity of fair value measurement to changes in unobservable inputs and (2) quantitative information about significant unobservable inputs used in fair value measurement.

For more information, see the press release and Taxonomy update on the IASB’s website. Comments are requested by 19 November 2018.

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