IFRS Foundation proposes changes to the IFRS Accounting Taxonomy 2022 to improve quality of tagged data

• The IFRS Foundation has published Proposed Update 1 General Improvements and Common Practice, which amends the IFRS Accounting Taxonomy 2022.
• The proposed changes aim to improve the quality of tagged data and to make the IFRS Accounting Taxonomy easier to use.
• The proposed changes include:  
• •a change in the practice for deprecation of elements
  •new common practice elements for antidilutive instruments, other comprehensive income, property, plant and equipment including right-of use assets and for reconciliation of the denominator used in calculating basic and diluted earnings per share
  •deprecation of a duplicate element for right-of-use assets
  •replacing of broad text block elements with abstract elements and amended labels of other text block elements to clarify their intended use.
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• https://www.ifrs.org/news-and-events/news/2022/11/ifrs-foundation-proposes-changes-to-the-ifrs-accounting-taxonomy-2022-to-improve-quality-of-tagged-data/