India’s NSE Plans XBRL Growth
The Indian National Stock Exchange (NSE) has proposed introducing XBRL for all key corporate announcements.
The Indian National Stock Exchange (NSE) has proposed introducing XBRL for all key corporate announcements.
A recent interview with the Dutch Bank ING’s real estate team outlined how standardisation and data harmonisation is working to reduce risk and increase efficiencies in the real estate sector.
Should political finance data be digital? A new report from the International Institute for Democracy and Electoral Assistance (International IDEA) advocates for machine-readable disclosure of political party campaign expenditure in Albania, arguing that strengthening digital disclosure of political party finances would underpin essential democratic transparency.
Indonesia’s Directorate General of Taxes (Direktorat Jenderal Pajak or DGT) recently issued guidance on several new aspects for entities to consider while using a new XBRL-based feature for their tax returns.
Earlier this autumn the US Securities and Exchange Commission (SEC) adopted a final rule designed to make it easier for investors and shareholders to access key information. Keen readers will remember the announcement, and this week leading law firm Kirkland & Ellis have published a new report summarising the requirements and results of the rule.
This week the European Financial Reporting Advisory Group (EFRAG) reached a major milestone, releasing the first set of (almost) final draft European Sustainability Reporting Standards (ESRSs). Their publication follows a public consultation this summer.
If you missed last week’s popular European Accounting Association (EAA), European Reporting Advisory Group (EFRAG), and International Accounting Standards Board (IASB) workshop on digital financial reporting last week, the recording is now available.
The European Financial Reporting Advisory Group (EFRAG) made several appointments to its governance structure this week, completing both the Financial Reporting Board (FRB) with the appointment of Wolf Klinz as chair, and the Sustainability Reporting Board (SRB) with Patrick de Cambourg appointed as chair.
Further progress on transparency in sustainability reporting this week as Switzerland adopted an ordinance requiring mandatory, machine-readable climate disclosures based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
A recent report by the International Federation of Accountants (IFAC) found inconsistency and incomparability in existing climate-related reporting. The report’s conclusions strongly support the global movement towards improved climate-related disclosure.