The International Accounting Standards Board (IASB) has today issued an update to the IFRS Accounting Taxonomy 2021 to reflect the amendments:
- Disclosure of Accounting Policies, issued in February 2021, which amended IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements; and
- Definition of Accounting Estimates, issued in February 2021, which amended IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.
IFRS Accounting Taxonomy 2021—Update 1 Disclosure of Accounting Policies and Definition of Accounting Estimates includes changes to the IFRS Accounting Taxonomy to reflect the new and updated disclosure requirements introduced by these amendments.
For the IFRS Accounting Taxonomy Update and the IFRS Accounting Taxonomy files, please go to the project's published documents tab. For the IFRS Accounting Taxonomy Illustrated and the accompanying versioning information, please go to the supporting material tab on the project page.
Followable tags
IFRS Accounting Standards development
IFRS Accounting digital reporting
IFRS Practice Statement 2 Making Materiality Judgements
IAS 1 Presentation of Financial Statements
IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
