The IFRS Foundation has today published Using the IFRS digital taxonomies—A guide for regulators implementing the IFRS digital taxonomies in a digital filing system.

The IFRS digital taxonomies comprise the IFRS Accounting Taxonomy and the IFRS Sustainability Disclosure Taxonomy. The taxonomies facilitate reporting information prepared using IFRS Accounting Standards and IFRS Sustainability Disclosure Standards in a computer-readable, structured data format.

Information in a computer-readable, structured data format using the IFRS digital taxonomies helps investors to efficiently search, extract and compare companies’ accounting and sustainability-related financial disclosures.

Find more information about digital financial reporting and the IFRS digital taxonomies on our digital financial reporting page, including our explanatory article on the benefits of digital financial reporting and what is needed to realise these benefits.