IASB proposes update to IFRS Taxonomy 2021
02 Dec 2021
The IASB has issued a proposed IFRS Taxonomy Update, 'IFRS Taxonomy 2021 Proposed Update 2 — Technology Update'.
The proposed changes aim to reflect developments in the technology that underlies or relates to the IFRS Taxonomy. They also consider variation in standards and practices and will support the usage of the IFRS Taxonomy or comparable taxonomies in different regulatory environments.
Details on the proposed changes are available in the press release on the IASB website and in proposed update itself. Comments are requested by 3 January 2022.
