The process for updating the IFRS Taxonomy is currently laid out in the Due Process Handbook for XBRL Activities,which dates back to 2009.An effort is underway to update that process (see proposed amendments to IAS 7from April)and the IASB has released a new set of proposals for public review and ment.
These proposals are in many ways expanding on what is already taking place in practice,especially with regard to solicitation of public ment and the previously mentioned “in-sync”updates to the taxonomy,but do represent some pretty significant changes.The most recent set of process updates includes IASB approval of IFRS ntent reflecting new or amended Standards;the establishment of an IFRS Taxonomy Review Panel nsisting of IASB members;formalisation of the IFRS Taxonomy nsultative Group;the establishment of a process whereby public nsultation is sought on IFRS Taxonomy updates that are released during the year;and “the inclusion of enhancements that reflect current practices and processes,but are not documented in the Due Process Handbook for XBRL Activities”.
IFRS is a very significant driver of XBRL adoption and the taxonomy is in use in multiple untries, so these changes should be nsidered closely. mments are due by 3 February 2016. Learn more. We are very supportive of the proposed changes, especially as they embed the XBRL representation of IFRS still further into the international acunting standards making process.
中文新闻:IASB更新IFRS分类标准流程重大变化 |