As our regular readers will know, the Inline XBRL-based European Single Electronic Format (ESEF) is now required for financial reporting across the EU.
The US Financial Accounting Standards Board (FASB) last year ran a consultation on its future standard-setting agenda, receiving feedback from over 500 stakeholders that it is in the process of considering.
The European Commission has proposed a new Data Act addressing who can use and access data generated in the EU across all economic sectors.
The International Accounting Standards Board (IASB) continues to consider the feedback to its Third Agenda Consultation on its priorities for 2022-2026.
“In a world that runs on data, good quality data is also the essential ingredient to effective risk analysis,” says Verena Ross, Chair of the European Securities and Markets Authority (ESMA) – and we would certainly agree.
Last year, the International Monetary Fund (IMF) and the Financial Stability Board (FSB) outlined the need for a new initiative to continue the work of addressing data gaps, following the end of the G20 Data Gaps Initiative (DGI).
In 2020, the European Systemic Risk Board issued a Recommendation on the introduction of an EU framework to uniquely identify legal entities engaged in financial activities.
The XBRL Standards Board has approved an update to the XBRL Unit Registry. It makes new standardised units available for measuring greenhouse gas emissions and for reporting in the energy sector.
There’s a tremendous amount for readers to get their teeth into in a report out this week from CPA Australia and the University of Adelaide, titled ‘Digital corporate reporting: Global experiences from the G20 and implications for policy formulation,’ by Prof Indrit Troshani and Dr Nick Rowbottom.
The Australian Prudential Regulation Authority (APRA) has launched a consultation on plans to “sharply expand the breadth and granularity of the superannuation data it publishes” – ‘superannuation’ being Australian lingo for compulsory employee pensions.
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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.
