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IASB publishes proposed IFRS Taxonomy update

  • IASB (International Accounting Standards Board) (blue) Image
  • XBRL (eXtensible Business Reporting Language) (mid blue) Image

29 Oct 2020

The IASB has published PTU/2020/4 'IFRS Taxonomy 2020 — 'General Improvements and Common Practice — Presentation of information in primary financial statements''.

The proposed update includes elements to reflect common reporting practice and new and amended labels to clarify the accounting meaning and intended use of some existing elements.

For more information, see the press release and proposed update on the IASB’s website. Comments are requested by 5 January 2021.

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.