IFRS Taxonomy is getting a multilingual makeover! Now available in several languages, it aims to ensure consistent global use of financial standards.
Key Points
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🌍 Global Reach: IFRS Taxonomy now available in multiple languages.
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📅 Annual Updates: Translations follow the annual English release.
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📘 Illustrated Guide: Translations include the IFRS Taxonomy Illustrated (ITI).
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🔄 Versioning Info: Latest versioning details also translated.
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🏛️ IFRS Foundation: The body behind these multilingual efforts.
🌐 Bringing Financial Standards to the World
The IFRS Foundation, the body responsible for international financial reporting standards, has primarily used English for its publications. But now, they're stepping up their game by translating the annual IFRS Taxonomy and its supporting materials into multiple languages. This means that no matter where you are, you can access these crucial financial guidelines in your native tongue.
📅 Timing is Everything
These translations aren't just random drops. They are meticulously rolled out after the annual IFRS Taxonomy is released in English. This ensures that everyone gets the most up-to-date information at the same time. The goal? To facilitate consistent use of the IFRS Taxonomy worldwide.
📘 More Than Just Words
Along with the translations of the annual IFRS Taxonomy, the IFRS Foundation also translates the annual IFRS Taxonomy Illustrated (ITI) and related versioning information. This isn't just about making the content accessible; it's about making it understandable. The ITI serves as a handy guide to navigate the complexities of the taxonomy.
🔄 Keeping It Fresh
The IFRS Foundation is committed to keeping everything current. The most recent translations of the annual IFRS Taxonomy, versioning information, and the ITI are always available. This is not a one-time effort but an ongoing commitment to clarity and consistency.
