IFRS Foundation Publishes Guide to Support Regulators Implementing the IFRS Digital Taxonomies

IFRS Foundation Publishes Guide to Support Regulators Implementing the IFRS Digital Taxonomies

By Ez-XBRL Team 6 August, 2024
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August 1, 2024

The IFRS Foundation has published Using the IFRS digital taxonomies—A guide for regulators implementing the IFRS digital taxonomies in a digital filing system.

The guide aims to assist regulators and others to implement the IFRS digital taxonomies in a manner that supports cross-border digital comparability and analysis of information prepared using IFRS Standards.

The IFRS digital taxonomies comprise the IFRS Accounting Taxonomy and the IFRS Sustainability Disclosure Taxonomy. The taxonomies facilitate reporting information prepared using IFRS Accounting Standards and IFRS Sustainability Disclosure Standards in a computer-readable, structured data format.

Information in a computer-readable, structured data format using the IFRS digital taxonomies helps investors to efficiently search, extract and compare companies’ accounting and sustainability-related financial disclosures.

To find out more details please visit : https://www.ifrs.org/