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FRC proposes Vision for the Future of Reporting

October 9, 2020

Many of today’s corporate reporting habits are hangovers from a bygone era before digital technologies crept into every corner of our lives. As such, we have an opportunity to reimagine reporting from the ground up, taking the transformative impact of technological advances into account.

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SASB senses a change in the wind

October 9, 2020

The Sustainability Accounting Standards Board’s (SASB’s) standards have long helped facilitate the analysis of comparable, consistent, and reliable sustainability data by providing a common language for disclosing sustainability information. Until now, the standards have lacked an accompanying taxonomy.

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SEC proposes Structured Data for Alternative Trading Systems

October 9, 2020

Alternative Trading Systems (ATS) tend to be less regulated than official exchanges. Offering a similar service, ATS primarily provide a place to match buyers and sellers for transactions, mainly securities, with minimal rules of conduct.

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Investors could benefit from Carbon Ratings

October 9, 2020

A recent paper from the Bank for International Settlements (BIS) demonstrates the importance of choosing the right data for producing company ratings.

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Denmark mandates XBRL for School Reporting

October 9, 2020

In Denmark almost 1200 schools are either privately owned or are public entities with extensive autonomy. From next March they will start to phase in compulsory financial reporting in XBRL format.

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New Software reaches Certified Status

October 9, 2020

We are delighted to announce that a new software tool has passed the tests required to reach XBRL Certified Software™ status.

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Updated Guidance: Taxonomy Publication and Packages

October 9, 2020

Taxonomies are at the heart of any XBRL implementation and are used by a wide range of stakeholders such as preparers, software vendors, collectors, and consumers. Taxonomies need to be easily accessible, and XBRL International publishes guidance that provides best practice recommendation recommendations for publishing XBRL taxonomies.

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New XBRL International Filing Indicators specification paves the way for xBRL-CSV adoption

October 9, 2020

The XBRL Standards Board (XSB) has approved a Candidate Recommendation release of the Filing Indicators specification.  Filing Indicators are a mechanism used by some XBRL filing systems to enable filers to explicitly record which sections (or templates) within a report they have completed. 

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FRC publish UK version of ESEF Taxonomy

October 9, 2020

Will the UK forge ahead with the European Single Electronic Format (ESEF) in January 2021, as originally planned? Or will the current consultation result in a delay, giving the country time to get its post-Brexit house in order?

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India’s MCA may require more frequent filing

October 9, 2020

India’s Ministry of Corporate Affairs (MCA) is considering requiring large unlisted entities to file financial statements more frequently.

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