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IFRS Foundation to publish Proposed IFRS Taxonomy Update—2017 Annual Improvements

The IFRS Foundation expects to publish the Proposed IFRS Taxonomy Update—2017 Annual Improvements in November 2017. The update will include: 

  • an enhanced data model for disclosures relating to continued and discontinued operations;
  • changes to fully reflect examples provided within IAS 19 Employee Benefits;
  • changes to reflect disclosure requirements in IFRS 7 regarding initial application of IFRS 9 Financial Instruments; and
  • changes to the taxonomy presentation for certain elements. 

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