The XBRL US Data Quality Committee (DQC) approved version 17 of its freely-available validation rules and guidance in January. This latest update adds eight new rules, taking the total to 91 and coming into effect for filings submitted on or after 1 May 2022.
The Securities and Exchange Board of India (SEBI) has published a notable circular making clear its approach to securities market data access and terms of use, following a review by its Market Data Advisory Committee.
There’s a great deal going on in terms of sustainability reporting in the EU at the moment, making it a little tricky to keep track.
The Eurofiling Foundation has updated the Eurofiling Taxonomy, which provides support to numerous taxonomies that deploy the Data Point Model (DPM).
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).
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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.
