Track 7: XBRL and International Financial Reporting Standards (IFRSs)
Track Chair: Olivier Servais, International Accounting Standards Committee Foundation (IASCF)
Today IFRSs have been adopted in over 100 countries, while XBRL is rapidly becoming the de facto standard for electronic reporting. The combination of IFRSs and XBRL is an ideal partnership to provide the transparency and accuracy that the world's financial markets are seeking, and with the growing adoption of IFRSs and the IFRS Taxonomy, the IASCF is at the fore of the continued adoption, development and evolution of XBRL.
Who should attend this track?
- Preparers already filing in IFRS, or who are ready for IFRS conversion
- Accountants and auditors
- Regulators and supervisors who have already adopted IFRS or who are in the migration phase
- Financial analysts and investors
For participants, this track session will:
- Present an overview of the IFRS Taxonomy - its purpose, development and future
- Examine in detail the issues surrounding the use of XBRL with IFRSs, and how the IFRS Taxonomy can support all participants of the financial information supply chain (preparers, receivers and users)
- Illustrate the challenges and benefits of implementing XBRL for IFRS, through real case studies
- Provide the opportunity to pose questions to three panels of industry experts
