IFRSile
IFRSile is a fictional framework imagined as an international standard for encoding IFRS financial statements in a machine-readable, interoperable format. It is designed to complement traditional IFRS reporting by enabling automated extraction, cross-jurisdictional comparison, and easier data integration with enterprise systems and regulators.
Purpose and scope: IFRSile aims to harmonize the representation of core financial statement concepts such as
Structure and components: The framework envisions three layers: a formal data model describing concepts and relationships;
Development and governance: IFRSile is described as being developed by an international consortium of regulators, standards-setters,
Adoption and reception: Proposals describe pilots among large preparers and regulators to test data quality, interoperability,
See also: IFRS, XBRL, digital reporting, financial data interoperability.