Draft guidance on versioning published
XBRL International has recently published two new guidance items describing best practices in managing and communicating changes to taxonomies. As taxonomies are regularly updated, it’s important that involved stakeholders follow best practices to ensure that the transition to the new taxonomy version is well prepared for and unfolds smoothly.
Guidance for block tagging in ESEF
This year European issuers filing with the European Single Electronic Format (ESEF) will be required, for the first time, to use block tagging to mark up the notes in their financial statements. This has implications, and presents certain challenges, for software providers, filers, and auditors alike.
Financial Data Transparency Act passed by US Senate
We are pleased to report that this week the US Senate passed the provisions of the Financial Data Transparency Act (FDTA), as part of the Fiscal Year 2023 National Defense Authorization Act (NDAA), marking a significant milestone in transparency and data utility for the US.
Data Amplified Virtual 2022: What’s next for ISSB sustainability standards?
Data Amplified this year saw significant sessions on the policy and practice driving digital sustainability disclosures. Bing Leng, Board Member of the International Sustainability Standards Board (ISSB), gave a thorough run down of the processes, governance procedures, and reiterations that are leading to a new global baseline for sustainability disclosure.
Digital Sustainability Disclosures
Securities regulators and policy makers right around the world are pushing towards new mandatory ESG (or sustainability disclosures) for companies in markets large and small. The majority firmly intend that these new broader kinds of corporate reports will be digital.
