IFRS published the IFRS Taxonomy 2021, which is based on IFRS standards as at January 01, 2021, including those issued but not yet effective. This version of the taxonomy includes changes to the IFRS Taxonomy 2020, reflecting amended standards on IFRS 16 (leases standard) and IFRS 17 (Insurance Contracts standard), extension of the temporary exemption from applying IFRS 9 (Amendments to IFRS 4), and amendments to IFRS standards under phase 2 of the Interest Rate Benchmark Reform. The taxonomy enables electronic reporting of financial information prepared in accordance with the IFRS standards.
Keywords: International, Banking, Insurance, Securities, IFRS 17, IFRS 9, Insurance Contracts, Financial Instruments, IFRS 16, Leases Standard, Benchmark Reforms, Taxonomy, Reporting, IFRS
ESG and climate expert for P&C insurance; IFRS 17 specialist and chartered accountant; extensive experience in both life and non-life insurance, with focus on capital management, financial performance, and financial reporting.
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