Global Standards for the world economy

Tuesday 23 January 2018

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Project History of the IFRS Taxonomy 2016


 

  • 26 May to 10 June 2015 - the IFRS Foundation issued a draft of the Proposed Taxonomy Update 1 to the ITCG (IFRS Taxonomy Consultative Group) for review.  The ITCG is an external committee that supports the Foundation by reviewing draft taxonomies. 2 comment letters from the ITCG  were received. The Foundation analysed and responded to all comments received and, where appropriate, changes were implemented in the IFRS Taxonomy.
  • 17 June to 17 August 2015 - the IFRS Foundation published the Proposed Taxonomy Update 1 for public comment, to which no comment letters were received.  
  • 15 July to 29 July 2015 - the IFRS Foundation issued a draft of the Proposed Taxonomy Update 2 to the ITCG for review. No comment letters from the ITCG were received.
  • 4 August to 30 October 2015 - the IFRS Foundation published the Proposed Taxonomy Update 2 for public comment, to which 1 comment letter was received. We considered all of the points raised when developing the Taxonomy Update 2 to the IFRS Taxonomy 2015. 
  • 1 December 2015 - The IFRS Foundation issued Taxonomy Update 1 to the IFRS Taxonomy 2015.
  • 8 December 2015 - The IFRS Foundation issued Taxonomy Update 2 to the IFRS Taxonomy 2015. 
  • 13 January to 20 January 2016 - the IFRS Foundation issued a draft of the Proposed Taxonomy Update 3 to the ITCG for review. 5 comment letters from the ITCG were received. The Foundation analysed and responded to all comments received, and where appropriate, changes were implemented in the IFRS Taxonomy.
  • 21 January to 21 March 2016 - the IFRS Foundation published the Proposed Taxonomy Update 3 for public comment, to which no comment letters were received.
  • 31 March 2016 - the final IFRS Taxonomy 2016 was published.