IASB Member Ann Tarca explains proposed changes to IFRS Accounting Taxonomy 2024 relating to IFRS 18

Ann Tarca, IASB member, explains the rationale behind the proposals to amend the IFRS Accounting Taxonomy to reflect the new presentation and disclosure requirements introduced in IFRS 18 Presentation and Disclosure in Financial Statements.
The IASB will also conduct a fieldwork exercise during the consultation period. It is seeking participants who are involved in tagging and using digital financial statements: www.ifrs.org/news-and-events/...
The deadline for submissions to the consultation is 3 September 2024: www.ifrs.org/projects/work-pl...