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The IFRS Foundation Publishes an Interim 2011 IFRS Taxonomy

August 30, 2011

On August 22 the IFRS Foundation published an interim release of the 2011 IFRS Taxonomy to address Presentation of Items of Other Comprehensive Income (IAS 1 amendments) and Employee Benefits (IAS 19).

The 2011 IFRS Taxonomy is based on IFRS as issued at January 1, 2011. The interim release of the IFRS Taxonomy contains additional taxonomy concepts that reflect new IFRS standards and improvements to existing IFRS standards published by the IASB. The interim taxonomy release gives companies the opportunity to report XBRL financial concepts using the latest IFRS standards without creating custom taxonomy elements.

The interim release of the 2011 IFRS Taxonomy follows the taxonomy architecture in The IFRS Taxonomy 2011 Guide and The Global Filing Manual.

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