IASB - IASC Foundation issues 2010 XBRL Taxonomies

On December 9, 2009, the IASC Foundation published The IFRS Taxonomy 2010 Architecture Draft for public comment. It also published a project summary and feedback statement on Architectural Improvements to the IFRS Taxonomy. The feedback statement summarizes the architectural improvements that will be implemented in the next release of the IFRS Taxonomy in 2010 as a result of consultation conducted in July 2009. The IFRS Taxonomy 2010 Architecture Draft is the proposed architecture for both the IFRS and the IFRS for Small and Medium-sized Entities (SMEs) Taxonomies. (Read XBRL Update – December 2009.)