The International Accounting Standards Board (IASB) has today published a proposed update to the IFRS Accounting Taxonomy 2022 to reflect two recent amendments to IFRS Accounting Standards:
- Lease Liability in a Sale and Leaseback, which amended IFRS 16 Leases and was issued in September 2022; and
- Non-current Liabilities with Covenants, which amended IAS 1 Presentation of Financial Statements and was issued in October 2022.
The Proposed IFRS Taxonomy Update includes changes to the IFRS Accounting Taxonomy elements to reflect the new and amended disclosure requirements introduced by these amendments.
