IFRS 2020

Posted on June 19, 2020 by Editor

More news on ESEF with yesterday’s announcement that the IFRS 2020 taxonomy has been incorporated into the ESEF rules. While, from a legislative perspective, there is some time before the revised RTS will be law, in practical terms it means that although EU issuers will be obliged to use the 2020 version for their 2021 financial report, they will be able to use the IFRS 2019 taxonomy or voluntarily early-adopt the IFRS 2020 taxonomy for their financial reports for their 2020 financial report. Got it? Good. All the details here.