This week the European Securities and Markets Authority (ESMA) published a supportive response to the IFRS Foundation’s consultation on establishing a new Sustainability Standards Board (SSB).
The UK’s Department for Business, Energy & Industrial Strategy (BEIS) has launched a consultation on an upcoming major overhaul of Companies House rules designed to improve the quality and value of financial data.
One of the reasons to collect and collate financial data through regulatory reporting is to make sure essential information is available to regulators in case of bank distress. But can policy-makers use the same data to understand which policy approaches might help reduce the impact of bank stress on the wider economy?
The EU’s ESEF mandate includes a requirement for the assurance of ESEF-compliant disclosures – but how that will work in practice is dependent on the interpretation of local jurisdictions.
How do reporting firms talk when they know that the machines are listening? A new working paper from the National Bureau of Economic Research (NBER) is the first of its kind to take a look at how increasing machine and AI readership is altering the way companies write their financial reports.
The European Securities and Markets Authority (ESMA) this week published the 2020 ESEF XBRL taxonomy files and updated the ESEF Conformance Suite in order to facilitate the implementation of the upcoming ESEF regulation.
Singapore recently launched a new way for its citizens to view and manage all their private and public financial data in one place.
A recent paper by Mike Power, professor of accounting at London School of Economics (LSE), argues that the UK needs to address fundamental weaknesses within its financial reporting system.
The XBRL Standards Board has approved an initial Public Working Draft of the Report Packages specification, along with an update to the requirements document.
The past year has seen growing consensus on the need for non-financial reporting standards in order to mitigate climate-related financial risks and help investors divert capital towards more sustainable ends. However, sustainability reporting is a complicated task, and a number of difficult questions need to be answered before effective standards can be established.
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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.
