IASB Technical Staff - Financial Instruments

Steven Maijoor appointed as Chair of the Trustees of the IFRS Foundation. 10 Aug 2026 The Trustees of the IFRS Foundation have announced that Steven Maijoor will succeed Erkki Liikanen as Chair of the Trustees of the IFRS Foundation. His new role will start on 1 January 2027 for an initial three-year term. Mr Maijoor has been an IFRS Foundation Trustee since 2023 and has more recently chaired the IFRS Foundation's Due Oversight Process Committee (DPOC). He is currently an Executive Board Member of De Nederlandsche Bank (DNB) and Chair of Supervision. Furthermore, he is a member of the Supervisory Board of the European Central Bank (ECB). Before he joined DNB's Executive Board in 2021, he spent a decade as Chair of the European Securities and Markets Authority (ESMA), where he was involved in the convergence and coordination of financial reporting supervision across the European Union (EU), and provided advice to the International Accounting Standards Board (IASB) and EU bodies based on experience of supervising the use of IFRS Accounting Standards. He also represented ESMA in the Board of the International Organization of Securities Commissions (IOSCO). An extended biography of Mr Maijoor and statements on the appointment are available in the press release on the IFRS Foundation website. Related items

IFRS Foundation appoints Laura Forzani as managing director. Forzani will succeed Michel Madelain and will report to the chair of the IFRS Foundation trustees. The International Financial Reporting Standards (IFRS) Foundation's trustees have picked Laura Forzani as managing director, effective from 1 September 2026. Forzani will succeed Michel Madelain and will report to the chair of the trustees. The role covers overseeing the management of the IFRS Foundation and its staff, and "implementing and delivering" the Foundation's mission, a statement said. Her responsibilities include supporting the Foundation's governance, funding and operational agenda. Forzani will also work closely with the leadership of the International Accounting Standards Board and the International Sustainability Standards Board. IFRS Foundation trustees chair Erkki Liikanen said: "I am delighted to welcome Laura Forzani as managing director of the IFRS Foundation. "Laura brings a strong combination of strategic leadership, operational excellence and experience leading complex organisations through periods of growth and transformation. "Her experience building high-performing organisations will be invaluable as the Foundation continues to strengthen its capabilities and deliver on its strategic priorities." Forzani is a former partner and chief operating officer at KPMG UK. She brings more than 25 years of experience working across public and private sector organisations. Forzani said: "I am excited to join the IFRS Foundation at such an important point in its development. "The Foundation plays a unique role in supporting transparency, accountability and efficiency in global capital markets through high-quality reporting standards." During his two-year term as managing director, Madelain led a wide-ranging "transformation programme", the statement added. The efforts were aimed at improving the efficiency and effectiveness of the Foundation's work and operations. Liikanen said: "I also thank Michel Madelain for the last two years serving as managing director and beforehand as a trustee of the IFRS Foundation and chair of the Nominating Committee." In January this year, the IFRS Foundation's Capital Markets Advisory Committee appointed three new members. Give your business an edge with its leading industry insights.

IASB proposes IFRS Accounting Taxonomy 2025 updates for IFRS 20, IAS 21 and IFRS 19. By Krutika 30 July, 2026 The International Accounting Standards Board has proposed updates to the IFRS Accounting Taxonomy 2025 to support the digital reporting of information prepared under IFRS 20, amendments to IAS 21 and amendments to IFRS 19. Stakeholders can comment on the proposed taxonomy update until 14 September 2026. IASB publishes Proposed Update to IFRS Accounting Taxonomy 2025. The International Accounting Standards Board (IASB) has published IFRS Accounting Taxonomy 2025 - Proposed Update 2, introducing proposed taxonomy changes for three recently issued or amended IFRS Accounting Standards. The proposals are intended to make information prepared under these requirements digitally accessible and easier for investors, regulators and other users to identify, extract and compare. The IASB is seeking feedback from stakeholders involved in preparing, tagging or using digital financial reports. The consultation remains open until 14 September 2026. What does the proposed IFRS Accounting Taxonomy update cover? The proposed update introduces taxonomy changes associated with: 1. IFRS 20 Regulatory Assets and Regulatory Liabilities IFRS 20 was issued in May 2026 and establishes accounting requirements for regulatory assets and regulatory liabilities. The proposed taxonomy update is designed to enable companies to digitally tag information reported under IFRS 20, helping users identify and analyse disclosures related to rate-regulated activities. 2. Amendments to IAS 21 The taxonomy proposals also reflect Translation to a Hyperinflationary Presentation Currency, issued in November 2025 as amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates. The amendments address the translation of financial information when an entity's presentation currency is the currency of a hyperinflationary economy. The proposed taxonomy changes would support the structured digital reporting of information arising from these requirements. 3. Amendments to IFRS 19 IFRS 19 allows eligible subsidiaries to apply IFRS Accounting Standards with reduced disclosure requirements. The proposed taxonomy changes would help eligible subsidiaries digitally tag information reported under the amended disclosure requirements. Key Details of the IASB taxonomy proposal. | Area | Details | | Taxonomy | IFRS Accounting Taxonomy 2025 | | Proposal | Proposed Update 2 | | Standards covered | IFRS 20, IAS 21 amendments and IFRS 19 amendments | | Purpose | Support structured digital reporting under the new and amended requirements | | Stakeholders invited | Preparers, digital-reporting specialists, data users and other interested parties | | Comment deadline | 14 September 2026 | Why is the IFRS Accounting Taxonomy update important? An accounting standard defines what companies must recognize, measure, present and disclose. An accounting taxonomy translates those reporting requirements into structured digital elements that can be used in XBRL and Inline XBRL reports. The proposed update is therefore an important step in making the new and amended accounting requirements digitally reportable. Once finalized, the taxonomy additions may affect: 1. the elements available for tagging IFRS financial statements; 2. the selection of appropriate taxonomy concepts; 3. the use of company-specific extensions; 4. anchoring and presentation relationships; 5. calculation and validation processes; 6. taxonomy-version management; and 7. review procedures for digital financial reports. Preparers and software providers will need to assess the final taxonomy changes before incorporating them into their reporting processes. What should IFRS digital reporting teams do? Although the taxonomy update is currently a proposal, organizations that may be affected should begin reviewing its potential implications. Reporting teams should: 1. Identify whether IFRS 20 or the relevant amendments to IAS 21 and IFRS 19 apply to their organization. 2. Review the proposed taxonomy elements and supporting relationships. 3. Compare the proposed elements with current reporting and tagging practices. 4. Assess whether existing company-specific extensions may be replaced by standard taxonomy elements. 5. Coordinate accounting, financial-reporting and XBRL implementation activities. Early assessment can help organizations prepare for taxonomy implementation and reduce late-stage tagging or validation issues. Is the IFRS Accounting Taxonomy update final? No. The IASB has published the changes as a proposed update to the IFRS Accounting Taxonomy 2025. The proposals may be revised after the IASB considers stakeholder feedback. Companies should therefore avoid treating the proposed elements as final production requirements. The deadline for submitting comments is 14 September 2026. How ez-xbrl supports IFRS digital reporting. Ez-XBRL helps organizations prepare, validate and review XBRL and Inline XBRL reports as accounting taxonomies evolve. Integix supports taxonomy-based tagging, AI-assisted tag suggestions, previous-period tagging reuse, automated validations and XBRL or Inline XBRL report preparation. XOR strengthens review and governance through validation, version comparison, issue tracking, extension analysis and controlled approval workflows. Organizations can choose from Self-Service, Managed Services or Hybrid engagement models based on their reporting requirements. Preparing for future IFRS taxonomy changes. The proposed IFRS Accounting Taxonomy 2025 update highlights the close connection between accounting-standard developments and digital financial reporting. Organizations affected by IFRS 20 or the amendments to IAS 21 and IFRS 19 should follow the consultation, evaluate the proposed taxonomy changes and prepare to incorporate the final elements into their tagging and review processes. Need support preparing accurate, validated and review-ready digital financial reports?