In a speech on Tuesday at the EFRAG conference, European Commissioner Mairead McGuinness provided a public indication of something that we have been expecting for some time. As things stand, the steps required to formalise the EFRAG sustainability reporting (ESRS) taxonomy as official EU regulations will be delayed.
The US Securities and Exchange Commission (SEC) has rolled out an update to its Interactive Data Test Suite, accessible here.
In its Annual Review of Corporate Governance Reporting, the UK’s Financial Reporting Council (FRC) acknowledges improvements in reporting quality against the UK Corporate Governance Code by listed entities in that country. It also points out persistent challenges.
In a recent keynote speech at the European Insurance and Occupational Pensions Authority (EIOPA) Conference the organisation’s Chairperson Petra Hielkema highlighted the role of data in steering the future of supervision. The speech emphasised the need for collaborative efforts, innovative approaches, and access to data to harness its potential.
XBRL US has submitted a comment on the US Securities and Exchange Commission’s (SEC) proposed rule change for the Registration for Index-Linked Annuities.
The New Zealand External Reporting Board (XRB) has addressed the need for coherence between climate reporting and financial statements. The newly published guidance is designed for Climate Reporting Entities, offering insights into how New Zealand’s accounting standards apply to climate-related matters in financial statements.
In line with overall trends towards environmental transparency, a recent survey conducted by Boston Consulting Group (BCG) and CO2 AI has revealed that over 50% of companies are now disclosing at least some of their Scope 3 value chain emissions. This marks a significant increase from approximately a third reported two years ago.
The UK Financial Conduct Authority (FCA) has presented insights into how Authorised Fund Managers (AFMs) are aligning with regulatory expectations in their presentation of Environmental, Social, and Governance (ESG) information. The FCA’s evaluation assesses adherence to Guiding Principles provided in a letter sent to AFMs in July 2021.
The European Financial Reporting Advisory Group (EFRAG) has recently published a study shedding light on the effects of the adoption of IFRS 15.
In a recent interview with Mr Lee Byungrhae (이 병 래 ), Secretary General of XBRL Korea and Vice Chairman of the Korean Institute of Certified Public Accountants, he highlighted the pivotal role of XBRL expansion in fortifying global trust, addressing the “Korea discount,” (international valuation gap) and enhancing corporate transparency.