Following recent news that the Corporate Sustainability Reporting Directive (CSRD) was voted into EU law by the European Parliament, this week the Council of the European Union has given the directive the final green light.
Securities regulators and policy makers right around the world are pushing towards new mandatory ESG (or sustainability disclosures) for companies in markets large and small. The majority firmly intend that these new broader kinds of corporate reports will be digital.
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.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
