This week the International Accounting Standards Board (IASB) released its newest standard, IFRS 18 – Presentation and Disclosure in Financial Statements.
The Securities and Exchange Commission (SEC) have decided to hit pause on the implementation of the Final Rules regarding climate-related disclosures for investors. Originally set to kick in from 2026, the effective date has been postponed while the (varied!) legal challenges are dealt with.
In response to evolving challenges in the financial landscape, the International Organisation of Securities Commissions (IOSCO) has unveiled its updated work plan for 2024. This revised plan introduces fresh initiatives aimed at addressing emerging trends, including, among others, artificial intelligence (AI) and green finance.
The European Insurance and Occupational Pensions Authority (EIOPA) recently released a report examining the implementation of the new insurance accounting standard, IFRS 17, in the EU. The report evaluates the adoption of IFRS 17 by insurance undertakings and compares the calculation of insurance liabilities under IFRS 17 with the Solvency II framework.
On 9 April the US Public Company Accounting Oversight Board (PCAOB) released a proposal to significantly enhance a range of metrics that audit firms will need to publicly disclose on an annual basis.
The European Financial Reporting Advisory Group (EFRAG) is gearing up to provide guidance to assist companies in disclosing their transition plans in alignment with the European Single Reporting Standards (ESRS).
The European Supervisory Authorities (ESAs) are gearing up for the next phase of implementing the Digital Operational Resilience Act (DORA) by initiating a voluntary dry run exercise in May.
In the ever-evolving landscape of financial reporting, the transition to digital has been a crucial shift to streamline processes, enhance; comparability and improve analysis, benefiting investors and stakeholders alike.
Digital signatures play a crucial role in ensuring the integrity and authenticity of digital business reports. These reports, which can significantly impact an organisation’s value and reputation, require a high level of trust. Digital signatures provide verifiable proof of a document’s authenticity and integrity, ensuring that it hasn’t been tampered with since being signed.
The European Banking Authority (EBA) recently released its quarterly Risk Dashboard (RDB) for Q4 2023, offering insights into the financial health of the largest EU/EEA institutions. While the report highlights record-high levels of bank capitalisation and improved liquidity, it also signals early indications of credit quality deterioration.
Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.
By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy
XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
