A New Standard for Non-Financial Reporting
A recent report from Accountancy Europe sets out an articulate and ambitious plan to cut through the noise of non-financial reporting initiatives with a global, interconnected reporting standard.
GREAT Act Passed by US Congress
On Monday the US Congress passed the GREAT or “Grant Reporting Efficiency and Agreements Transparency” Act, previously agreed by the Senate. The GREAT Act, which will be phased in over a five-year period, can transform federal grant reporting, modernizing and streamlining the reporting process with data standards to enhance the accountability and transparency of federal […]
Report Package Requirements 1.0 Released
XBRL International has released requirements designed to improve the process of combining multiple XBRL or iXBRL reports into a package without losing the references between them.
Audit of Inline XBRL: First Guidelines Published
The Committee of European Auditing Oversight Bodies (CEAOB) has published important guidance for auditors reviewing financial reports published in accordance with the new ESEF regulations.
Must Read: ESMA’s Maijoor on IFRS
ESMA Chair Steven Maijoor’s speech underlined the importance of IFRS going forward and described the expected impact of structured (ESEF) data in Inline XBRL for users and regulators alike. He also urged policy makers to focus on standardisation of ESG disclosures.
