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 ArticleFSB to Survey Practices on Cyber Incident Response and Recovery
HKMA announced the publication of a report on fintech adoption and innovation in the banking industry in Hong Kong.
BIS published a working paper that examines the drivers of cyber risk, especially in context of the cloud services.
ECB launched consultation on a guide specifying how the Banking Supervision expects banks to consider climate-related and environmental risks in their governance and risk management frameworks and when formulating and implementing their business strategy.
ECB published an opinion (CON/2020/16) on amendments to the prudential framework in EU in response to the COVID-19 pandemic.
EBA published a report that examines the interlinkages between recovery and resolution planning under the Bank Recovery and Resolution Directive (BRRD).
SRB published the final Minimum Requirements for Own Funds and Eligible Liabilities (MREL) policy under the Banking Package.
ECB published results of the March 2020 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets.
FINMA published guidance (06/2020) on extending or discontinuing various exemptions that were granted due to the COVID-19 crisis.
SRB launched a consultation on the minimum data needed for valuation of a bank in resolution.
EIOPA published its risk dashboard based on Solvency II data from the fourth quarter of 2019.