The IFRS Foundation is establishing a task force to examine detailed XBRL tagging in IFRS financial statements, and it is looking to work directly with preparers from listed panies from different industries and regions.

The task force is a follow-up to a recently ncluded pilot initiative with US-listed foreign panies to produce SEC-pliant IFRS financial reports in XBRL format.

The aim of the task force is for listed panies to produce fully-tagged financial statements using the IFRS Taxonomy. Detailed tagging up to level-4 will be applied to participants’ financial statements, whereby all primary financial statement line items and notes disclosures will be tagged using the IFRS Taxonomy 2011 (which is due to be published at the end of March 2011).

Participants will be preparers of financial statements for listed panies who report in IFRS. Participation from panies operating in all industries and geographical regions is wele. The Foundation believes it would be particularly useful to have participation by foreign private issuers listed in the United States, because of the expected requirement for foreign private issuers reporting in IFRS to submit IFRS XBRL filings from June 2011.

panies interested in participating in the task force should express their interest by April 10, 2011. Task force participants will be chosen and notified by April 15, 2011. The first meeting of task force participants will take place on April 18, 2011, by telenference.

ntact and other details ncerning participation can be found in the press release..