Proposed Update to the IFRS Taxonomy 2017
Proposed Update 1 to the IFRS Taxonomy 2017 has been published for public comment by the International Accounting Standards Board (IASB) at http://www.ifrs.org/projects/work-plan/ifrs-taxonomy-update-ifrs-17/.The public comment period will end on September 18, 2017.
Proposed updates to the IFRS Taxonomy update are released throughout the year as changes to the International Financial Reporting Standards, common practice elements, or taxonomy architecture take place. After the comment period for each proposed update, a taxonomy update is issued. The annual IFRS Taxonomy, published in the first quarter of each calendar year, is a compilation of taxonomy updates released during the year. While each proposed update has a comment period, the annual IFRS Taxonomy has no public comment period.
Comments on this proposed update to the IFRS Taxonomy and the related support materials should be submitted directly to the IASB. The SEC staff encourages filers, investors, analysts, software service providers, and other interested parties to participate in this public review to continue to improve the process for creating and using XBRL structured financial statements.
Only annual compilations of the IFRS Taxonomy that are specified on the Commission’s website may be used in SEC XBRL submissions. The availability for public comment of Proposed Update 1 to the IFRS Taxonomy 2017 does not indicate Commission approval of any potential regulatory changes related to the EDGAR Filer Manual. Please refer to the SEC’s EDGAR webpage at http://www.sec.gov/info/edgar/tech-specs for updated information on when the Commission approves changes, if any, related to the EDGAR Filer Manual.