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.
A recent survey from Workiva and PwC found that two out of five US business leaders believe their company is not prepared for the climate risk disclosure rule set to be published by the US Securities and Exchange Commission (SEC) in May.
The UK’s Levelling Up, Housing and Communities Committee (LUHCC) is launching an inquiry into financial reporting and audit in local authorities following calls for more understandable local authority financial statements.
This week the European Supervisory Authorities (ESAs), together with the European Central Bank (ECB) published a statement encouraging disclosure standards for climate-related data on securitised assets.
The European Financial Reporting Advisory Group (EFRAG) recently published the basis for conclusions which accompany the first set of draft European Sustainability Reporting Standards (ESRS), submitted to the European Commission in November 2022.
The Bank of England is undertaking research into voluntary climate-related disclosures of UK financial institutions via machine learning. The research aims to understand asymmetries between firms and investors, look at how disclosure practices differ across firms, and to shed light on the decision of whether to make climate-related reporting mandatory.
The European Banking Authority (EBA) has published a revised list of validation rules to accompany its reporting standards (Implementing Technical Standards, Regulatory Technical Standards and Guidelines).
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.
The Securities and Exchange Board of India (SEBI) has been consulting on a regulatory framework that would require assurance for environmental, social, and governance (ESG) disclosures.
Last month the IFRS Foundation hosted the IFRS Sustainability Symposium in Montreal, outlining what’s next for sustainability reporting and the International Sustainability Standards Board (ISSB).
In its new approach to designing standards, the @IFRSFoundation's IASB will take digital disclosure implications into account - helping create clarity in an increasingly digital-first world. https://t.co/fyvF3HpblS
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