The final version of an IFRS taxonomy soon ready for use, according to IASB chair
Gerrit Zalm, chairman of the foundation which oversees the International Accounting Standards Board, told the XBRL Conference yesterday, he was confident a final version of an International Financial Reporting Standards (IFRS) taxonomy would be ready for use shortly.
‘We believe that the provision of a taxonomy based on IFRSs will encourage adoption of IFRSs throughout the world and only enhance the benefits already being achieved through the adoption of IFRSs,’ he said.
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