Amongst several fascinating presentations at the Eurofiling Innovation Day this week was an interesting demonstration on how XBRL reports can be used as the basis of explainable AI for bankruptcy prediction.
Non-financial (or environmental, social and governance – ESG) reporting is very much on the radar right now, especially in Europe. This week Accountancy Europe added to the debate with a number of new reports, including a follow up to their recent paper, Interconnected Standard Setting for Corporate Reporting.
In recent months momentum for renewed NFI reporting has increased in Europe, with the European Commission (EC) conducting a review into the Non-Financial Reporting Directive (NFRD).
The UK’s Financial Conduct Authority (FCA) recently announced the launch of their new user-friendly data collection platform, RegData.
Regulators the world over are concerned that public companies provide as much transparency as possible about the impact of the pandemic on their operations. For example ESMA, the SEC, Japan’s JFSA, Brazil’s CVM, and IOSCO itself have recently provided advisories in this area.
A collection of European financial associations have called on the European commission to establish a common Environmental Social and Governance (ESG) data register and facilitate disclosure to enhance the quality and usability of ESG data.
This week the International Accounting Standards Board (IASB) issued amendments to IFRS 17 (insurance contracts).
The European Securities and Markets Authority (ESMA) has published a draft update to the ESEF Regulatory Technical Standards (RTS) to reflect the changes that have been made to the 2020 IFRS taxonomy.
XBRL International has conducted a survey of XBRL Certified Software™ vendors that offer report creation solutions for ESEF. We’ve now completed the production of reports on a country-by-country basis across the EEA and UK.
Please keep an eye on the XBRL Europe website for a host of very useful presentations and discussions that occurred this week. Amongst others, there was a presentation from Patrick de Cambourg, Chairman of the Autorité des Normes Comptables, the French standards setter. M. de Cambourg described the need for ESG Reporting (or in EU parlance […]