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IFRS Foundation publishes proposed IFRS taxonomy update

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Dec 15, 2016

The IFRS Foundation has published a proposed IFRS taxonomy update, “IFRS Taxonomy 2016 — Common Practice.”

The update contains additional taxonomy concepts that reflect new IFRSs and improvements to IFRSs, technical updates, and corrections. This update includes taxonomy elements for entities in agriculture, leisure, franchises, retail, and financial institutions.

Comments on the proposed update are due by February 15, 2017. For more information, see the press release and proposed update on the IASB’s Web site.

Related Topics

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.