This week in Glasgow, at COP26, the IFRS Foundation announced the formation of the International Sustainability Standards Board (ISSB) to develop comprehensive baseline global standards for sustainability reporting.
“Sustainable finance is crucial for promoting orderly and just transitions towards green and more sustainable economies and inclusive societies,” say the G20 leaders.
We are very pleased to report that the US House of Representatives has passed the Financial Transparency Act (FTA) by 400-19.
Environmental, social and governance (ESG) factors are increasingly driving investment strategies, and “ESG has now become a make-or-break consideration for leading investors globally,” says PwC.
Should IT leaders expect to be hearing a lot more about XBRL? Business technology publication The Stack thinks so, and we are certainly happy to agree!
The Amman Stock Exchange (ASE) announced this week that 97% out of 173 listed companies provided their reports for the third quarter as required, through ASE’s XBRL-based e-disclosure system.
Our many readers with a passion for audit may enjoy a recent statement from Paul Munter, Acting Chief Accountant at the Securities and Exchange Commission (SEC), and the staff of the Office of the Chief Accountant (OCA).
Inline XBRL allows report issuers to combine the advantages of digital tagging with a high level of visual design, but these design elements have also caused performance issues in early ESEF reports. Some simple initial solutions are now available.
Europe is setting new rules on disclosures on financial products that seek to make sustainable investments, contributing to environmental objectives.
“As organizations pack their reports with more information, the workload is increasing but so is the opportunity to tell a compelling story,” argues a brief but thought-provoking recent article in CFO Dive.
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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.
