Global Standards for the world economy

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International Accounting Standards Board publishes proposed IFRS Taxonomy Update for IFRS 17 Insurance Contracts

 18 May 2017

The International Accounting Standards Board (the Board) published today for public comment the proposed Taxonomy Update 1 to the IFRS Taxonomy 2017.

This Proposed Taxonomy Update incorporates the IFRS Taxonomy elements for IFRS 17 Insurance Contracts, issued by the the Board in May 2017. 

Updates to the IFRS Taxonomy contain additional taxonomy concepts that reflect new Standards and amendments to Standards issued by the Board. They may also contain technical updates, new common practice elements or general taxonomy improvements.

The proposed Taxonomy Update 1 to the IFRS Taxonomy 2017: IFRS 17 Insurance Contracts is open for comment until 18 September 2017.

For XBRL files, the IFRS Taxonomy Illustrated, versioning reports, element definitions in Microsoft Excel and other supporting materials, click here.