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Bank of England invites input as XBRL adoption advances

May 28, 2021

The Bank of England is seeking a second round of feedback on its new statistics taxonomy, with the publication on 24 May of version 1.2.0 Public Working Draft 2 (PWD2). The updated taxonomy will support the Bank’s transition from XML to XBRL for its collection of statistical data.

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Digital transformation a priority in Qatar

May 28, 2021

Rashid bin Ali al-Mansoori, Chief Executive of the Qatar Stock Exchange (QSE) has affirmed the Exchange’s pursuit of digital transformation, with extra features recently added to its website.

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BlackRock on ESG, big data and the double bottom line

May 28, 2021

“The bottom line about the double bottom line is that investors don’t have to make performance concessions to achieve sustainable outcomes. ESG data is an indicator of future performance potential and should be incorporated into the investment mosaic of all the different types of data that are used to predict performance.”

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Dual EFRAG consultation on strategic direction

May 28, 2021

The European Financial Reporting Advisory Group (EFRAG) has launched a joint consultation, covering both the International Accounting Standards Board’s (IASB) five-year plan and its own research.

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News Item

XBRL International Board of Directors welcomes new member

May 28, 2021

We are delighted to announce the election of Dr Maria Mora to XBRL International’s Board of Directors.

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SASB supports SEC on ESG disclosures

May 28, 2021

Janine Guillot, CEO of the Sustainability Accounting Standards Board (SASB), has published a piece discussing the Board’s response to the US Securities and Exchange Commission (SEC) consultation on climate change disclosure, and welcoming SEC’s commitment to addressing the needs of 21st century investors in this arena.

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XBRL US webinars on Inline XBRL for smaller companies

May 28, 2021

XBRL US has published livestream videos of its two-part webinar series on ‘Inline XBRL for Small Reporting Companies and Foreign Private Issuers’, held on 19 and 26 of May.

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No time to waste! EFRAG gets go-ahead to get ahead on sustainability standards

May 21, 2021

The European Commission has written to the European Financial Reporting Advisory Group (EFRAG) inviting it to start work on drafting sustainability reporting standards, in parallel with the development of the proposed Corporate Sustainability Reporting Directive (CSRD).

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SEC minds the (data) gaps

May 21, 2021

What are the current gaps where more data is needed for good regulatory decisions? That’s the question explored by Commissioner Caroline A. Crenshaw of the US Securities and Exchange Commission (SEC) in an excellent keynote address to the 8th Annual Conference on Financial Market Regulation, titled ‘Mind the (Data) Gaps.’

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Wave of restatements as SPACs resolve accounting issues

May 21, 2021

Special Purpose Acquisition Companies, or SPACs, are generating a surge of restatements correcting past financial reports, following last month’s accounting clarification from the US Securities and Exchange Commission (SEC).

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