21 August 2017

US Corporate Law News: SEC provides additional guidance in IFRS taxonomy FAQs


On August 7, 2017, the SEC released brief updates to frequently asked questions for the IFRS Taxonomy. The SEC published the FAQs in early 2017 to provide guidance to foreign private issuers who prepare their financial statements in accordance with IFRS and use an SEC-approved IFRS Taxonomy in EDGAR filings. The latest update to these FAQs indicates where filers can find tags for financial statement and schedule disclosures the SEC requires that are not included in the IFRS Taxonomy. For more information, see https://www.sec.gov/structureddata/ifrs_taxonomy.

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