Video: IASB Member Ann Tarca explains proposed changes to IFRS Accounting Taxonomy 2023

IASB Member Ann Tarca explains proposals in the IFRS Accounting Taxonomy—Proposed Update 2 Common Practice for Financial Instruments, General Improvements and Technology Update currently out for consultation.

The proposals include introducing new elements for better comparison of narrative information, and new elements for financial instruments based on common reporting practice.

The deadline for comments is 5 January 2024.

Access the video here.

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