IFRS Foundation publishes IFRS Accounting Taxonomy 2022

The IFRS Foundation has today published the IFRS Accounting Taxonomy 2022.

The IFRS Accounting Taxonomy enables electronic reporting of financial information prepared in accordance with IFRS Accounting Standards. Preparers can use the IFRS Accounting Taxonomy to tag disclosures, making them easily accessible to investors who prefer to receive financial information electronically.

The IFRS Accounting Taxonomy 2022 is based on IFRS Accounting Standards as at 1 January 2022, including those issued but not yet effective.

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 (IFRS Accounting Taxonomy 2021—Update 1);
• Definition of Accounting Estimates, which amended IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, issued by the IASB in February 2021 (IFRS Accounting Taxonomy 2021—Update 1);
• Initial Application of IFRS 17 and IFRS 9―Comparative Information, which amended IFRS 17 Insurance Contracts, issued by the IASB in December 2021 (IFRS Accounting Taxonomy 2021—Update 3).

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 (IFRS Accounting Taxonomy 2021—Update 2).

Access the files for IFRS Accounting Taxonomy 2022 and the supporting information.