With COP26 upon us, it is no surprise that climate and sustainability have been at the forefront of our minds around the world in recent days and weeks. In the UK, a number of announcements are set to have important impacts for reporting into the future.
The UK Financial Reporting Council’s Financial Reporting Lab is celebrating its tenth birthday, and ICAEW has marked the occasion with an interview with its Director, Phil Fitz-Gerald.
We were interested to note a recent report from the Financial Stability Board (FSB) examining current approaches to cyber-incident reporting and suggesting next steps for broader convergence.
The 2021 SEC Speaks event, held on 12–13 October, generated a wide range of comment from staff of the US Securities and Exchange Commission (SEC), covering subjects such as digital assets, private markets, and proactive enforcement.
As we recently reported, the Value Reporting Foundation has released the SASB Standards XBRL Taxonomy, enabling digital tagging of sustainability reporting using the SASB (formerly Sustainability Accounting Standards Board) set of standards, and hence improved comparability and analytical capabilities.
The Basel Committee on Banking Supervision has released its latest progress report on the adoption of Basel III standards, as of end-September 2021.
Italy has published lists of preferred national extensions for banks and insurance companies, agreed upon by a wide range of stakeholders. These will help filers add local requirements to ESEF reports, while cutting down on idiosyncratic extensions that get in the way of comparison.
Most of our readers will – we hope – agree that XBRL tagging makes reported data more decision-useful, but have you considered that it can also improve the reporting process itself?
The European Banking Authority (EBA) recently issued its annual work programme and strategic approach for 2022. It notes that it has streamlined its activities to foster synergies and efficiencies.
A new post from Workiva’s Steve Soter offers his take on forthcoming enhanced climate disclosure rules, expected from the US Securities and Exchange Commission (SEC).
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