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SEC announces availability of the IFRS taxonomy in XBRL

  • SEC (US Securities and Exchange Commission) (dark gray) Image

03 Mar 2017

The SEC has announced the availability of the IFRS taxonomy for use by foreign private issuers that submit their financial statements in accordance with IFRSs in XBRL.

Foreign private issuers may begin to submit their financial statements in XBRL immediately and will be required to do so for fiscal periods ending on or after 15 December 2017. As stated by SEC Acting Chairman Michael Piwowar, the use of the IFRS Taxonomy for IFRS financial statements “will enable the public to take advantage of enhanced data analysis of those financial statements, as they already can with financial statements of issuers that prepare their financial statements in accordance with U.S. accounting standards.”

For more in­for­ma­tion, see the press release and notice on the SEC’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.