EBA corrects reporting taxonomy package
The European Banking Authority (EBA) has published an erratum for the technical package on its reporting framework 3.0.1.
Latest News
News Item
News Item
Toppan Merrill discusses data quality rules with XBRL US and FASB
As we reported in March, filers to the US Securities and Exchange Commission (SEC) must now follow a number of rules from the XBRL US Data Quality Committee (DQC).
News Item
US Financial Transparency Act reintroduced to Congress
In May 2021, the Financial Transparency Act (FTA) was reintroduced to the 117th United States Congress. This bill, if passed, would direct all eight major US financial regulatory agencies to implement consistent data standards for the information they collect from filers under existing securities, commodities and banking laws.
News Item
IFRS Foundation seeks ISSB leaders
The International Financial Reporting Standards (IFRS) Foundation has recently taken two further significant and concrete steps in the development of the proposed International Sustainability Standards Board (ISSB).
News Item
IMF calls for stronger sustainability standards
A recent post from the International Monetary Fund (IMF), on ‘How strengthening standards for data and disclosure can make for a greener future,’ lends its support to harmonised and consistent climate disclosures.
News Item
Survey available in EFRAG strategy consultation
An online survey is now available for those interested in responding on the dual consultation by the European Financial Reporting Advisory Group (EFRAG), covering strategic direction and priorities for both itself and the International Accounting Standards Board (IASB).
News Item
More on ESEF errors: inconsistent duplicates
Tagging the same fact reported multiple times in different sections of an XBRL report leads to duplicate facts, which can be useful – but what if the values don’t match? Revathy Ramanan tackles the issue of inconsistent duplicates and what to do about them in the second post in her series on common errors and pitfalls in […]
News Item
IASB proposals on management commentary reflect broader approach to reporting
The International Accounting Standards Board (IASB) has published a proposed comprehensive framework for the preparation of management commentaries. The new framework is intended to reflect changes and innovations in the corporate reporting landscape, and better meet the information needs of today’s investors.
News Item
SEC Commissioner Lee on materiality myths and misconceptions
Commissioner Allison Herren Lee of the US Securities and Exchange Commission (SEC) recently spoke on ‘Living in a Material World: Myths and Misconceptions about “Materiality.”’ She addressed, among other topics, the important role of the investor in determining what is ‘material’ to disclosure, particularly around environmental, social and governance (ESG) topics.
News Item
China proposes new ESG disclosure rules
The China Securities Regulatory Commission (CSRC) is consulting on revised disclosure rules for publicly listed companies, including new environmental, social and governance (ESG) requirements.
