The IFRS Foundation has issued enhancements to
the IFRS taxonomy 2011 relating to common-practice reporting.
The additional tags intend to enhance the
usability of IFRS taxonomy and reflect common reporting practice
across the world and across industries.
The enhancements aim to reduce divergence in
reporting practice and enhance comparability of IFRS financial
The IFRS Foundation’s next step will involve
conducting a detailed analysis of disclosures within notes to
financial statements and identifying common reporting practice in
these note disclosures.