IFRS Accounting Taxonomy 2022

The IFRS Accounting Taxonomy 2022 reflects the presentation and disclosure requirements of the IFRS Accounting Standards as issued by the International Accounting Standards Board (IASB) at 1 January 2022, the IFRS for SMEs Accounting Standard as issued by the IASB in December 2015 and Practice Statement 1 Management Commentary as issued by the IASB in December 2010.

The IFRS Accounting Taxonomy also includes elements that reflect common reporting practice by entities that apply IFRS Accounting Standards (common practice).

The IFRS Accounting Taxonomy 2022 includes changes to the IFRS Taxonomy 2021 resulting from:

• Disclosure of Accounting Policies, which amended IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements, issued by the IASB in February 2021;

• Definition of Accounting Estimates, which amended IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, issued by the IASB in February 2021;

• Initial Application of IFRS 17 and IFRS 9―Comparative Information, which amended IFRS 17 Insurance Contracts, issued by the IASB in December 2021.

The IFRS Accounting Taxonomy 2022 also includes changes to the IFRS Accounting Taxonomy’s technology. Those changes are necessary, or beneficial, to reflect developments in standards and practices, and in the usage of the IFRS Accounting Taxonomy or comparable taxonomies in various regulatory environments. For consistency, the same technology changes are applied to all parts of the IFRS Accounting Taxonomy, including the IFRS for SMEs and Management Commentary subsets, although no other changes have been made in those subsets.

The IFRS Accounting Taxonomy 2022 was published on 24 March 2022.

• Taxonomy package: IFRS Accounting Taxonomy 2022

• IFRS Taxonomy Illustrated in PDF and Excel

Below you will find all information relevant to the annual IFRS Accounting Taxonomy. Additional resources, such as Illustrative Examples, can be accessed here.