The SEC’s Division of Economic and Risk Analysis (DERA) recently analyzed the way filers use custom tags in IFRS XBRL submissions from 2021 to 2023.
The SEC permits XBRL filers to use custom tags when a filer’s particular disclosure cannot be accommodated by the taxonomy-provided tags, though custom tags may potentially reduce the comparability of inter-company data. This analysis covered Forms 20-F, 20-F/A, 40-F and 40-F/A for fiscal years 2021 through 2023 submitted in XBRL using the International Financial Reporting Standards (IFRS) taxonomy as issued by the International Accounting Standards Board. DERA has determined that custom tag rates for financial statements only and when combining financial statements and footnotes were steady in 2023 as compared with the custom tag rates in 2022.
For more details on the trend analysis, please visit the IFRS – XBRL Custom Tags Trend for 2021 - 2023 webpage on sec.gov.
Source:
Trend Analysis of Custom Tag Rates in IFRS XBRL Financial Data Submitted from 2021 to 2023 (sec.gov)
