28 April 2016
The IFRS Foundation published today the Taxonomy Update 1 to the IFRS Taxonomy 2016.
IFRS Taxonomy updates contain additional taxonomy concepts
that reflect new Standards and amendments to Standards issued by the
IASB.
The Taxonomy Update 1 incorporates the IFRS Taxonomy elements for:
The
Disclosure Initiative is a portfolio of projects that are being
undertaken by the IASB with the aim of improving the effectiveness of
disclosures in financial statements.
The Taxonomy changes resulting from this Update are final. The public consultation took place at the IASB Exposure Draft stage.
View and download the Update here.