IFRS released the Taxonomy formula linkbase 2019. The IFRS Taxonomy formula linkbase 2019 is an update of the 2018 version and accompanies the IFRS Taxonomy 2019. It can be used with software tools that support the XBRL formula specification 1.0.
The IFRS Taxonomy formula linkbase can help with validating, and thus improving, the reliability of values reported using the IFRS Taxonomy and the XBRL technical format. It reflects content changes in the IFRS Taxonomy 2019 and includes an updated technical structure for the following validation categories:
- Group 1 negative validations for full IFRS standards
- Technical validations covering adjustments for duplicate facts' validation for both full IFRS standards and the IFRS for small and medium enterprises standard.
Keywords: International, Banking, Accounting, IFRS Taxonomy Formula Linkbase, IFRS Taxonomy, XBRL, IFRS
Previous ArticleIAIS Publishes Newsletter for Summer 2019
FED proposed three-year extension, without revision, of the information collection FR 4202, titled "Recordkeeping Provisions Associated with Stress Testing Guidance."
FCA updated the draft guidance for firms to ensure that mortgage customers whose homes may be repossessed are treated fairly and appropriately, particularly where there are risks of harm to customers who are vulnerable as a result of the COVID-19 pandemic.
FCA issued a statement on the cessation or loss of representativeness of the 35 LIBOR benchmark settings published by ICE Benchmark Administration or IBA.
EBA published a package that includes the final draft implementing technical standards on supervisory reporting and disclosures of investment firms.
BIS published a paper that provides an overview on the use of big data and machine learning in the central bank community.
APRA finalized the reporting standard ARS 115.0 on capital adequacy with respect to the standardized measurement approach to operational risk for authorized deposit-taking institutions in Australia.
ECB published a guide that outlines the principles and methods for calculating the penalties for regulatory breaches of prudential requirements by banks.
MAS and The Association of Banks in Singapore (ABS) jointly issued a paper that sets out good practices for the management of operational and other risks stemming from new work arrangements adopted by financial institutions amid the COVID-19 pandemic.
ACPR announced that a new data collection application, called DLPP (Datalake for Prudential), for collecting banking and insurance prudential data will go into production on April 12, 2021.
BCB announced that the Financial Stability Committee decided to maintain the countercyclical capital buffer (CCyB) for Brazil at 0%, at least until the end of 2021.