Following the European Commission’s omnibus proposal to streamline the Corporate Sustainability Reporting Directive (CSRD), the French accounting standards authority (ANC) formed a working group to propose simplifications to the European Sustainability Reporting Standards (ESRS).
Earlier this week the European Financial Reporting Advisory Group (EFRAG) launched an exemplar digital toolkit that’s tailor-made for small businesses: an Excel-based VSME Digital Template, a new XBRL taxonomy, and a handy open source converter to make it all machine-friendly.
A new research report from the Australian Accounting Standards Board (AASB), Malaysian Accounting Standards Board (MASB), and CPA Australia provides timely insight into key accounting challenges that stakeholders believe the International Accounting Standards Board (IASB) should tackle in its next agenda consultation.
We liked a post from Dutch Inline XBRL specialists Tangelo this week. For over a decade, Australian companies have had the option to file financial reports in XBRL – and guess what? Not a single ASX-listed company has taken up the offer.
Although sustainability regulations worldwide can bring complex compliance demands, the move to digital reporting is about more than ticking boxes.
Sustainability reporting is holding steady—but assurance is on the rise. According to a new study from the International Federation of Accountants (IFAC) and AICPA & CIMA, 73% of the world’s largest companies now obtain some form of assurance on their sustainability disclosures. That’s up from 69% the year before—and just 51% five years ago.
The European Securities and Markets Authority (ESMA) has issued new guidelines to ensure that sustainability information from listed companies is supervised with the same seriousness as financial reporting. From 1 January 2025, national regulators across the EU are expected to apply a harmonised enforcement approach under the Transparency Directive.
EFRAG has launched a rapid review of the European Sustainability Reporting Standards (ESRS), with the aim of substantially simplifying the framework by the end of October 2025.
The Inter-American Development Bank (IDB), IDB Invest, and the IFRS Foundation have announced a strategic partnership to promote adoption of the IFRS Sustainability Disclosure Standards across Latin America and the Caribbean.
This is an article by Donato Calace (SVP of Innovation and Accounts at Datamaran), in collaboration with John Turner (CEO at XBRL International) and Jérôme Basdevant (CTO and co-founder at Datamaran). It was originally published by Datamaran here, and is republished by their kind permission. As corporate sustainability reporting requirements have evolved, digital tagging and […]
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