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SEC announces Climate and ESG Enforcement Task Force

March 12, 2021

In further Environmental, Social and Governance (ESG) news from the US Securities and Exchange Commission (SEC), the agency has announced the creation of a Climate and ESG Task Force in its Division of Enforcement.

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Europe proposes greater tax transparency for multinationals

March 12, 2021

Grinding along in the background since 2016 have been a range of measures that seek to use disclosure mechanisms to rebalance various tax arrangements. This week the European Council has approved proposed measures to enhance corporate transparency of big multinational companies, as part of its action plan on reforms to the international corporate tax system.

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ESMA proposes improvements to Transparency Directive

March 12, 2021

The European Securities and Markets Authority (ESMA), has written to the European Commission with its proposals to improve the EU Transparency Directive following the Wirecard case.

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New software certification

March 12, 2021

We are very pleased to announce that CellStore from Reportix has been newly certified as review and consumption software within the family of XBRL Certified Software products.

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SASB XBRL Taxonomy now available for comment

March 5, 2021

The Sustainability Accounting Standards Board (SASB) has published its new SASB XBRL Taxonomy, now out for public comment. We encourage all with an interest in XBRL and the future of Environmental, Social, and Governance (ESG) reporting to submit feedback by 3 May 2021.

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Well prepared for implementation: An ESEF view from Sweden

March 5, 2021

As the first financial reports produced using the European Single Electronic Format (ESEF) are filed across Europe, we’ve been taking a little tour of the continent to find out how early implementation is unfolding – and this week we’re in Sweden.

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SEC EDGAR Filer Manual incorporates certain XBRL US data quality rules

March 5, 2021

We’re delighted to see the US Securities and Exchange Commission (SEC) incorporate a number of the DQC data quality rules in the revised EDGAR Filer Manual (Volume II), with an implementation date of 22 March 2021.

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Wes Bricker on capturing intangibles

March 5, 2021

‘The Unbalanced Balance Sheet: Make Intangibles Count’ features in Accountancy Today this week. As Wes – who is Vice Chair – US and Mexico Assurance Leader at PwC and Chair of XBRL International’s Board of Directors – discusses, intangible assets such as brands, technology and customer relationships go unrecognised on balance sheets.

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IOSCO sees “urgent need” for sustainability standards

March 5, 2021

The International Organization of Securities Commissions (IOSCO) has made a forceful statement in support of global sustainability reporting standards and collaboration.

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Omnibus: European Supervisory Authorities and ESG

March 5, 2021

This week has seen several substantial news items from Europe on sustainability and Environmental, Social and Governance (ESG) reporting, so we’re bringing you a roundup here.

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