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  • IFRS Foundation publishes IFRS Taxonomy 2017

IFRS Foundation publishes IFRS Taxonomy 2017

09 March 2017

The International Financial Reporting Standards (IFRS) Foundation has published the IFRS Taxonomy 2017.

The IFRS Taxonomy 2017 incorporates the IFRS Taxonomy Update 1 and IFRS Taxonomy Update 2 published since the annual IFRS Taxonomy 2016.

These updates related to the Disclosure Initiative (Amendments to IAS 7) and Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4) respectively.

The IFRS Taxonomy 2017 also includes the final changes resulting from the Proposed Taxonomy Update 3—Common Practice (agriculture, leisure, franchises, retail and financial institutions), modified in the light of comments received on that document.

Further details can be obtained from the IASB’s web site here.