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ISSB proposes targeted changes to streamline Scope 3 disclosure. 

ISSB proposes targeted changes to streamline Scope 3 disclosure

May 2, 2025

Earlier this week the International Sustainability Standards Board (ISSB) released an Exposure Draft proposing targeted amendments to IFRS S2, aiming to ease some of the thorniest climate reporting requirements—without diluting the utility of disclosures for investors.

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FRC to Corporates: Mind Your Tags

FRC to Corporates: Mind Your Tags

May 2, 2025

The UK’s Financial Reporting Council (FRC) has published its 2024/25 review of structured digital reporting, offering a timely pulse-check on how UK companies are performing under Inline XBRL reporting requirements.

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SEC

SEC unveils fresh data to illuminate capital markets

May 2, 2025

The US Securities and Exchange Commission (SEC) released a suite of new market data and analytical reports on 28 April, offering fresh insights into public company counts, exempt offerings, ABS and CMBS markets, money market funds, and security-based swap dealers.

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Sri Lanka

Sri Lanka gears up for digital leap with XBRL reporting by 2026

May 2, 2025

Colombo Stock Exchange (CSE) recently formalised the first step in XBRL implementation, following an earlier announcement that Sri Lanka’s listed companies will begin reporting interim financial results in XBRL from 2026.

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EFRAG

EFRAG rethinks European sustainability standards

May 2, 2025

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.

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IFRS

IFRS and IDB join forces to advance sustainability disclosure in Latin America

May 2, 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.

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AI meets XBRL: finally speaking the same language

April 28, 2025

Everyone’s experimenting with AI. LLMs are being thrown at everything (from earnings calls to ESG scoring to automated due diligence) and there’s a growing sense that we’re on the edge of something transformative in financial analysis.

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How the LEI and vLEI are powering Europe’s digital simplification agenda

April 28, 2025

The European Commission is making a major push to cut red tape and simplify regulation. Through its new simplification packages, the aim is to build a faster, more business-friendly Europe, reducing administrative burdens, improving cross-border processes, and moving toward a digital-first regulatory environment.

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​IFRS for SMEs: What’s changed? here’s the marked-up version

April 28, 2025

The IFRS Foundation has just released a marked-up edition of the IFRS for SMEs Accounting Standard, showing exactly what’s changed from the previous version. If you’re working on implementation or just trying to keep up, it’s a very usefull way to see what’s new without digging through two editions side by side.

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SEC delays and redefines fund reporting—what it means for XBRL

April 28, 2025

The US Securities and Exchange Commission (SEC) has announced a two-year delay in the compliance dates for new reporting requirements under Form N-PORT, giving registered funds more time.

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