IAASB Comments on IFRS Taxonomy 2010 Exposure Draft

The IAASB has expressed support for the continued development and enhancement of taxonomies for IFRS and IFRS for Small and Medium-sized Entities (SMEs) following due process and broad international consultation. The IAASB will be following the progress of the IASC Foundation's work in this area with interest, in particular as it relates to the IAASB's project on XBRL.