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IFAC and AICPA & CIMA support ISSB formation to set sustainability standards

July 30, 2021

With the closure of International Financial Reporting Standards (IFRS) Foundation consultation on amendments to its constitution and governance structure – allowing the formation of a new International Sustainability Standards Board (ISSB) – recent days have seen notable responses.

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99 days that will change reporting

July 23, 2021

The coming days should see greater certainty emerge in the environmental, social, and governance (ESG) standards-setting space, says XBRL International CEO John Turner.

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Need to build an XBRL taxonomy? Widespread errors and how to avoid them

July 23, 2021

“In this age of digital reporting, hundreds of XBRL taxonomies are published every year,” says Katherine Haigh, member of the XBRL International Best Practices Board and Quality Assurance Manager at CoreFiling.

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Guidance from Europe on SPACs disclosures and investor protection

July 23, 2021

The European Securities and Markets Authority (ESMA) has issued a public statement on disclosure and investor protection issues relating to special purpose acquisition companies (SPACs).

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EBA gearing up for granular reporting

July 23, 2021

In case you missed it, the European Banking Authority (EBA) reporting framework is set to support the new xBRL-CSV reporting format, in an important development that will facilitate filing of increasingly granular data.

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Climate risk and bank stress testing

July 23, 2021

The Financial Stability Institute (FSI) has published an Insights paper on ‘Stress-testing banks for climate change risk – a comparison of practices.’

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ESEF Reporting Manual now lets users see latest changes

July 23, 2021

We’re delighted to note that updates to the ESEF Reporting Manual will now be much easier to spot.

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XBRL US recommends digital reporting on pandemic recovery funds

July 23, 2021

How can we effectively track Covid-19 relief funding and understand its impact? Our colleagues at XBRL US believe a government standard is needed, enabling coordinated digital reporting.

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New for Nigeria! First XBRL reports blaze a trail

July 23, 2021

We were delighted to hear this week that Dangote Cement, Africa’s largest cement producer, has produced its most recent financial statements in XBRL, using the International Financial Reporting Standards (IFRS) Taxonomy.

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XBRL US consults on latest DQC Ruleset for data checks

July 23, 2021

The XBRL US Data Quality Committee (DQC) has published its 16th Ruleset for a 45-day public review and comment period, running until 31 August 2021.

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