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.
The IASB has published the 2015 Formula Linkbase. Updates include implementation of generic labels for each formula group; revised schema imports; and revised human-readable validation messages. The IFRS Formula Linkbase may be used for filings with the IFRS Taxonomy directly, regulatory extensions to the taxonomy or with entity specific extensions. Learn more.
The Brazil GAAP Commercial and Industrial Taxonomy has been added to XII’s list of Acknowledged Taxonomies. XII’s multi-step Taxonomy Recognition Process validates the conformance of the taxonomy to the XBRL specification, determines that a taxonomy has been correctly authored, and that it has had sufficient input from the public and meets the needs for which it was created. Learn more.
The Best Practices Board’s Taxonomy Architecture Guidance Task Force has published a catalog of prioritised topics and ideas for future guidance for review and comment.
The 2015 XBRL GL Taxonomy has advanced to Recommendation status, meaning it is stable and is considered suitable for broad adoption and implementation. XBRL GL is intended to enable the efficient handling of financial and business information contained within an organisation, including the representation of anything that is found in a chart of accounts, journal entries or […]
The XBRL community is urged to comment on the IASB’s Proposed Amendments to IAS 7.
Amendments and updates have been made available by the EBA.
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