IFRS Foundation Publishes IFRS Taxonomy 2019

By Regulatory News

March 27, 2019

IFRS Foundation published the IFRS taxonomy for 2019, which compiles changes resulting from two final updates to the IFRS taxonomy for 2018. These changes concern an update on the common disclosure practices related to fair value measurement and an update on general improvements to the taxonomy.

The following is the overview of the two recent updates to the IFRS taxonomy for 2019:

Update on Common Practices (IFRS 13 Fair Value Measurement). This update includes new elements and an enhanced taxonomy model that better reflect information companies commonly disclose about fair value measurement. The update includes changes to the IFRS Taxonomy 2018, reflecting common reporting practice on disclosure requirements in IFRS 13
Update 2 on General Improvements. This update includes changes that are intended to improve the quality of data tagged using the IFRS Taxonomy and to make it easier to navigate the IFRS taxonomy. It includes general improvements to the IFRS taxonomy, including introduction of implementation notes and duration type elements and removal of entry points without documentation labels.

Keywords: International, Accounting, Banking, IFRS Taxonomy, General Improvements, Reporting, Taxonomy, IFRS 13, Disclosures, IFRS

Featured Experts

María Cañamero

Skilled market researcher; growth strategist; successful go-to-market campaign developer

David Fihrer

Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings

Eve Pastor

IFRS subject matter expert, accounting authority

FSI Chair Outlines Future Strategy of the Institute

EIOPA on Application of Licensing and Proportionality to Insurtech


News APRA Consults to Standardize Submission Date for Quarterly Reporting APRA proposed to standardize quarterly reporting due dates for authorized deposit-taking institutions. The proposed standardized due date is 35 calendar days after the last day of the reference quarter, which will create a 14-calendar-day extension for credit unions and building societies. November 08, 2019 WebPage Regulatory News
News EBA Single Rulebook Q&A: First Update for November 2019 EBA updated the Single Rulebook question and answer (Q&A) tool with answers to two questions. The answers provide clarifications on topics related to own funds and strong customer authentication under the revised Payment Services Directive or PSD2. November 08, 2019 WebPage Regulatory News
News FED Proposes to Extend Initial Compliance Dates Under SCCL Rule FED published a proposal to extend, by 18 months, the initial compliance dates for foreign banks subject to the single-counterparty credit limit (SCCL) rule. November 08, 2019 WebPage Regulatory News
News EBA Publishes Technical Package on Reporting Framework 2.9.1 EBA published a new release of the reporting framework 2.9.1. This release includes validation rules, Data Point Model (DPM) data dictionary, XBRL taxonomy, and other supporting documents. Additionally, the release fixes some modeling issues on COREP Liquidity and FINREP. November 08, 2019 WebPage Regulatory News
News EBA Publishes Methodology and Draft Templates for Stress Tests in 2020 EBA published a package for the 2020 EU-wide stress test exercise for banks. November 07, 2019 WebPage Regulatory News
News EC Publishes Results of Fitness Check of Reporting Requirements in EU EC published results of the fitness check of supervisory reporting requirements in financial services legislation in EU. November 07, 2019 WebPage Regulatory News
News BCBS Assesses NSFR and LE Rules in Argentina and China as Compliant BCBS published reports that assess the implementation of net stable funding ratio (NSFR) and large exposures, or LE, framework in Argentina and China. November 07, 2019 WebPage Regulatory News
News FSB Publishes Summary of Plenary Meeting in Paris At the meeting, the Plenary reviewed vulnerabilities in the global financial system, fintech developments (including developments in the crypto-asset markets), ongoing work of FSB, and the work program for 2020. November 07, 2019 WebPage Regulatory News
News HKMA Highlights Technology Initiatives at the Hong Kong FinTech Week HKMA co-organized, with InvestHK, the Hong Kong FinTech Week 2019, which was a five-day flagship fintech event that attracted thousands of attendees worldwide. November 06, 2019 WebPage Regulatory News
News ECB Report on Fallback Provisions in Contracts Referencing EURIBOR ECB published a report, by private sector working group on euro risk-free rates, presenting recommendations for fallback provisions in contracts for cash products and derivative transactions referencing EURIBOR. November 06, 2019 WebPage Regulatory News

RESULTS 1 - 10 OF 4118