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IASB proposes update to IFRS Taxonomy 2021

  • IASB document (blue) Image

21 Apr 2021

The IASB has issued a proposed IFRS Taxonomy Update, ‘IFRS Taxonomy 2021 Proposed Update 1 — Disclosure of Accounting Policies and Definition of Accounting Estimates’.

The proposed taxonomy update includes changes to elements to reflect new and amended disclosure requirements in Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2) and Definition of Accounting Estimates (Amendments to IAS 8). Comments on the proposed taxonomy update are due by 21 June 2021.

For more information, see the press release and proposed taxonomy update on the IASB’s 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.