The International Accounting Standards Board (IASB) has started a new project exploring how climate-related risk can be better outlined in financial statements.
The past few weeks have been chaotic in global financial markets, including a run on Silicon Valley Bank, quickly followed up with a wave of panic uncertainty around Credit Suisse, with both deposit-taking institutions subject to rapid regulatory resolution over the past couple of weekends.
The International Accounting Standards Board (IASB) has this week completed the Targeted Standards-level review of Disclosure Project, designed to discover an improved approach to developing new disclosure standards.
South Korea’s financial regulator, the Financial Supervisory Service (FSS), has announced that it is considering phasing in mandatory XBRL disclosure and expanding the scope of XBRL to also tagging financial statement annotations and notes.
A new report from the International Federation of Accountants (IFAC) and the Association of International Certified Professional Accountants (AICPA & CIMA) finds that the largest global companies show momentum on sustainability reporting. However, barriers remain surrounding the provision of comparable, useful, high-quality information to investors.