The IFRS Foundation has announced that it will publish supplementary tags for the IFRS Taxonomy that reflect disclosures that are monly reported by entities in their IFRS financial statements. The Foundation believes this is the first step in providing additional elements that reflect mon reporting practice across the world and across industries. The Foundation further states that mon-practice tags will enable entities to create IFRS financial statements in XBRL with fewer entity-specific taxonomy tags, thereby enhancing the parability of information.

The mon-practice tags are being developed through the analysis of over 200 financial statements -- i.e., line items from Statements of Financial Position, prehensive Ine, Cash Flows and Changes in Equity, and block-tagged notes and aounting policies -- that have been prepared in aordance with IFRSs by entities from a broad range of geographical areas and industries, including financial institutions and insurance panies. The tags will be published over the ing weeks as a draft supplement (i.e., as an interim release) to the IFRS Taxonomy 2011.

Additional information is available in the IFRS press release on the publication of mon-practice tags.