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EDGAR 23.2 release and IFRS taxonomy

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    Isaac Oard

    We are happy to announce that the 2023 SEC IFRS Taxonomy is now supported in the Workiva platform.
    It is recommended that filers not skip years in migration, i.e. going from 2021 to 2023. If a filer chooses to migrate to the latest taxonomy and is still in the 2021 SEC IFRS, they should perform the following steps to migrate to the 2023 SEC IFRS:

    • Migrate to the 2022 SEC IFRS
    • Address all deprecated items listed in the migration log
    • Migrate to the 2023 SEC IFRS

    The SEC strongly encourages companies to use the most recent version of taxonomy releases for their XBRL filings to take advantage of the most up-to-date tags related to new accounting standards and other improvements.

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