Video: What are the IFRS digital taxonomies?
The IFRS Foundation has today published a short animated video explaining what the IFRS
digital taxonomies are and how the taxonomies enable companies to present information
prepared in accordance with IFRS Standards in a structured computer-readable format.
Once information is in a structured computer-readable format, investors can digitally
compare and analyse it efficiently.
The Foundation has two digital taxonomies—the IFRS Accounting Taxonomy and the
forthcoming IFRS Sustainability Disclosure Taxonomy.
The inaugural IFRS Sustainability Disclosure Taxonomy will be published later this
month.
More information about digital financial reporting and the IFRS digital taxonomies can be
found on the new Digital financial reporting page.
Access the video here.