| description | The IFRS Accounting Taxonomy 2022 reflects the presentation and disclosure requirements of the IFRS Accounting Standards as issued by the International Accounting Standards Board (Board) at 1 January 2022, the IFRS for SMEs Standard as issued by the Board in December 2015 and Practice Statement 1 Management Commentary as issued by the Board in December 2010. The IFRS Accounting Taxonomy also includes elements that reflect common reporting practice by entities that apply IFRS Accounting Standards (common practice).
The IFRS Accounting Taxonomy 2022 includes amendments made to the IFRS Taxonomy 2021 resulting from: Disclosure of Accounting Policies (Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements), issued by the Board in February 2021; Definition of Accounting Estimates (Amendments to IAS 8 Accounting Policies, Changes to Accounting Estimates and Errors), issued in February 2021; Initial Application of IFRS 17 and IFRS 9―Comparative Information, which amended IFRS 17, issued in December 2021.
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. |
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