While updates have been trickling in in recent weeks, there’s now official news on the European Single Electronic Format (ESEF) mandate. The European Commission (EC) has published a list of countries that have opted for a one-year ESEF postponement due to Covid-19, pushing its start to January 2022.
XBRL Finland has carried out a very useful investigation into how the Finnish market is responding to ESEF, the Inline XBRL-powered European common standard for financial reporting.
The Global Legal Entity Identifier Foundation (GLEIF) has unveiled the issuance and technical infrastructure models that it will deploy in its new verifiable LEI (vLEI) system.
In the US, the Financial Accounting Standards Board is seeking feedback on its proposed Accounting Standards Update (ASU) on ‘Business Combinations: Accounting for Contract Assets and Contract Liabilities from Contracts with Customers’ – and specifically on attendant amendments to the US GAAP Financial Reporting Taxonomy.
Our resident mythbuster, Mohini Singh – ACA, Director of Financial Reporting Policy at CFA Institute and Treasurer of the XBRL International Board of Directors – is back. This time she’s turned her attention to environmental, social and governance (ESG) ideas, in a new guest post in the Taggings section of the XBRL international website.
At the end of this week’s XBRL Deutschland board meeting there was a rather special send-off for Herr Norbert Flickinger, who is finally retiring from his part time role managing the activities of the German jurisdiction.
With so much recent discussion of standards for Environmental, Social and Governance (ESG) disclosure, particularly sustainability metrics, it is interesting to revisit the example of one country that is forging ahead with mandatory reporting.
“Reusing an existing taxonomy” – does that make you think of software developers simply using preexisting functions from libraries? Think again! In fact, there is much more to it than recycling code.
The XBRL Standards Board has approved publication of the Filing Indicator Taxonomy at Recommendation status. Filing indicators are used in filing environments to act like a signpost, allowing reports to declare which reporting tables have been completed.
XBRL International has responded to the consultation by the UK’s Department for Business, Energy & Industrial Strategy (BEIS) on a significant overhaul of the powers and role of Companies House, that country’s national business registrar.
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