It seems increasingly likely that the US Securities and Exchange Commission (SEC) may seek to develop disclosure requirements around economic risks, as recently signposted in remarks by senior associate chief accountant Kevin Vaughn.
The European Financial Reporting Advisory Group (EFRAG) has published a Call for Tenders seeking specialists to develop an XBRL taxonomy for the first set of European Sustainability Reporting Standards (ESRSs), being introduced under the Corporate Sustainability Reporting Directive (CSRD).
Machine-readable XBRL data enables a wide range of insights and improved decision-making by many stakeholders – perhaps most obviously regulators and investors, but also companies themselves.
We are very pleased to announce that review and consumption software ESEF-OAM from ABZ Reporting GmbH is the latest member of the XBRL Certified Software family.
Earlier this month, the International Sustainability Standards Board (ISSB) ran two live webinars on the IFRS Sustainability Disclosure Taxonomy and its current request for feedback.
As we recently reported, the US Small Business Administration (SBA) has introduced a modernised process allowing small businesses to use xBRL-CSV to submit Work-in-Process (WIP) information used in the SBA Surety Bond Guarantee (SBG) Program, replacing time-consuming manual data entry.
“The world is grappling with dramatic shifts in climate change, environmental, social, and geopolitical events. In a world of rapid digital transformation, how do companies, investors, regulators, standard setters, and ordinary citizens respond to these shifts?” asks Christine Tan in a recent guest post at ESG Today.
African ministers – alongside senior officials responsible for finance, environment and sustainable development, and other representatives of international bodies and development institutions – have expressed their support for the work of the International Sustainability Standards Board (ISSB).
The Australian Prudential Regulation Authority (APRA) has recently outlined its plans for work to modernise prudential architecture, with digital thinking at its core.
EIOPA takes stock of data quality in Solvency II disclosures, and how it has developed since 2016. It finds significant improvements, due to “automated data quality processing solutions and advanced analytic tools together with built-in validations in the XBRL taxonomy.”
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