IFRS Proposes General Improvements to the Taxonomy for 2018
IFRS proposed the Taxonomy Update 2/2018, which covers general improvements including changes to the content and technical structure of the IFRS taxonomy. The proposed improvements are designed to improve the quality of data reported using the IFRS taxonomy and to make it easier to use the IFRS taxonomy. Comments are requested by February 04, 2019.
The consultation document contains a table that summarizes the proposed changes against the objective of the proposed change. The proposed IFRS taxonomy update:
- Introduces implementation notes that explain how to use specific IFRS taxonomy elements and avoid tagging errors
- Introduces the duration element type for reporting information about a period of time to achieve more consistent tagging
- Removes entry points without documentation labels to make it easier to access the IFRS taxonomy
General Improvements are changes to the IFRS Taxonomy other than those resulting from changes to IFRS standards and from analysis of common reporting practices. General improvements include improvements to data models to support consistent tagging or improvements to better reflect presentation and disclosure requirements in IFRS standards.
Comment Due Date: February 04, 2019
Keywords: International, Accounting, General Improvements, Taxonomy, Reporting, IFRS Taxonomy, IFRS
Previous Article
IFSB Council Adopts IFSB-20, IFSB-21, and IFSB-22Related Articles
|
News
APRA Grants License to New Authorized Deposit-Taking InstitutionAPRA announced that it has granted Judo Bank Pty Ltd a license to operate as an authorized deposit-taking institution without restrictions, under the Banking Act 1959.
April 24, 2019
WebPage
Regulatory News
|
|
News
BoE Report on Evaluation of Approach to Concurrent Stress TestingBoE published a report on the evaluation, by the Independent Evaluation Office (IEO), of the effectiveness of the approach of BoE to concurrent stress testing.
April 24, 2019
WebPage
Regulatory News
|
|
News
FDIC Consults on Approach to Resolution Planning for IDIsFDIC approved an Advance Notice of Proposed Rulemaking (ANPR) and is seeking comment on ways to tailor and improve its rule requiring certain insured depository institutions (IDIs) to submit resolution plans.
April 22, 2019
WebPage
Regulatory News
|
|
News
FDIC Specifies Submission Timeline for FFIEC 031, 041, and 051 ReportsFDIC published the financial institution letters (FIL-21-2019 and FIL-22-2019) that offer guidance on submission of Call Reports FFIEC 051, FFIEC 041, and FFIEC 031 for the first quarter of 2019.
April 19, 2019
WebPage
Regulatory News
|
|
News
US Agencies Propose to Revise Call Reports FFIEC 031, 041, and 051US Agencies (FDIC, FED, and OCC) proposed to revise and extend, for three years, the Call Reports FFIEC 031, FFIEC 041, and FFIEC 051.
April 19, 2019
WebPage
Regulatory News
|
|
News
US Agencies Propose to Amend Rule on Supplementary Leverage RatioUS Agencies (FDIC, FED, and OCC) are proposing to revise the capital requirements for supplementary leverage ratio, as required by the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act.
April 18, 2019
WebPage
Regulatory News
|
|
News
EIOPA Held InsurTech Roundtable on Use of Cloud Computing by InsurersEIOPA had, on April 11, 2019, hosted its Fourth InsurTech Roundtable on the use of cloud computing by insurance undertakings.
April 17, 2019
WebPage
Regulatory News
|
|
News
EP Resolution on Proposal for Sovereign Bond Backed SecuritiesThe European Parliament (EP) published adopted text on the proposal for a regulation of the European Parliament and of the Council on sovereign bond-backed securities (SBBS).
April 16, 2019
WebPage
Regulatory News
|
|
News
HKMA Decides to Maintain Countercyclical Capital Buffer at 2.5%HKMA announced that, in accordance with the Banking (Capital) Rules, the countercyclical capital buffer (CCyB) ratio for Hong Kong remains at 2.5%.
April 16, 2019
WebPage
Regulatory News
|
|
News
EP Approves Agreement on Package of CRD 5, CRR 2, BRRD 2, and SRMR 2The European Parliament (EP) approved the final agreement on a package of reforms proposed by EC to strengthen the resilience and resolvability of European banks.
April 16, 2019
WebPage
Regulatory News
|
