Audit alert down under
The Australian Securities and Investments Commission (ASIC) recently published its annual review, identifying significant weaknesses in financial reporting and audit quality.
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When AI meets XBRL, sustainability gets smarter
What happens when artificial intelligence meets digital sustainability reporting? The latest collaboration between OpenEarth Foundation and XBRL International offers a glimpse into that intersection. Together, we explored how AI can interpret XBRL-tagged sustainability data, enhancing the way information is analysed, compared and turned into insight.
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Global passport for sustainability disclosures to unlock comparability across borders
At last week’s IFRS Sustainability Symposium in London the International Sustainability Standards Board (ISSB) launched a new scheme designed to unlock its global vision.
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EBA sharpens digital reporting tools
This week the European Banking Authority (EBA) released important updates to three of its digital tools – the Mapping Tool, Signposting Tool, and Time Traveller platform – ensuring alignment with the latest Pillar 3 and supervisory reporting requirements.
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Georgia takes next steps towards XBRL implementation
The Service for Accounting, Reporting and Auditing Supervision (SARAS) of Georgia officially kicked off its XBRL implementation journey with a week of in-depth workshops held earlier this month.
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Accountancy Europe urges rigour and global alignment in ESRS
Accountancy Europe has thrown its support behind the newly simplified European Sustainability Reporting Standards (ESRS), praising EFRAG’s efforts to streamline the framework. In its response, the federation applauds the shift towards clearer, less granular requirements, describing the draft as a more practical and navigable set of sustainability rules.
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FASB seeks comments on meta model taxonomy
The Financial Accounting Standards Board (FASB) Taxonomy team has shared proposed updates to its 2026 Meta Model Relationships Taxonomy, inviting public feedback. The draft, released in late October, outlines refinements made since the 2025 version and is open for comment until 1 December 2025.
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UK probes AIs impact on corporate reporting as structured data unlocks new, AI powered insight
The Financial Reporting Council (FRC) has tapped Lancaster University to lead a new deep-dive into how artificial intelligence is transforming corporate reporting. Launched last week, the project will explore how technologies like machine learning, automation and generative AI are being used to compile, analyse, and communicate financial and sustainability disclosures.
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Good data, better decisions: new guidance for government reporting
This UK’s National Audit Office (NAO), in collaboration with the Institute of Chartered Accountants in England and Wales (ICAEW), recently published new guidance on how governments can harness financial reporting data for more effective decision making.
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Malaysia offers sector-specific ESG reporting guidance
Malaysia’s Advisory Committee on Sustainability Reporting (ACSR) recently published illustrative sustainability reports for the plantation and construction sectors.
