IFRS Taxonomy Update
An updated IFRS Taxonomy for SMEs has been released
XII is very supportive of proposed changes to the way the IFRS Taxonomy is updated.
XII and a number of other organisations are currently requesting comment on a number of items. We encourage you to take full advantage of the opportunity and make yourself heard!
A first draft of the 2015 DK GAAP XBRL Taonomy, which includes updates pursuant to the new DK Annual Accounts Act, is ready for review.
The 2016 DRAFT US GAAP Taxonomy is available for comment. Deadline is 31 October.
The IASB has just released Update 2 to the 2015 IFRS Taxonomy with proposed additions for entities engaged in Information Technology, Media, Chemicals and Utilities.
The XBRL GL Working Group has released a package of multi-language labels to support the XBRL GL 2015 Framework that was released in March. The package provides full translations for Brazilian Portuguese, Chinese, Italian, Spanish, as well as partial translations for Finnish, Canadian French, and Turkish. We are seeing more entities making use of the capabilities […]
Taxonomy Packages make taxonomies easier to use by allowing for automated configuration of support software and additional meta-data that help users understand the way they are structured.
The IFRS Foundation has published guidance for regulators around the world looking to adopt the IFRS Taxonomy for the electronic filing of International Financial Reporting Standards (IFRS) based financial statements.