The third in a series on the Coronavirus and corporate reporting, Accountancy Europe has released a podcast looking at how to report in accordance with the IFRS standards during this irregular period – focusing on how to use the flexibility of IFRS 9 – and the various accommodations that have been made for companies and […]
XBRL International’s software certification process is an essential step software providers should take to prove that their products are fit-for-purpose. Software Certification checks that products – both for creating and consuming reports – are interoperable, meaning the reporting supply chain can operate efficiently and accurately. As the list of specifications that make up the standard […]
Of relevance to software vendors working with US filings, this week the US Securities and Exchange Commission (SEC) updated its interactive data test suite in order to help software vendors to produce filings that conform to the rules set out in the Edgar Filing Manual. The test suite is a way of expressing those rules in […]
There is a compelling case for the IFRS Foundation to help develop globally comparable standards for sustainability reporting – according to a recent speech from IFRS Foundation Trustee Teresa Ko. Ko’s speech, given at the inaugural meeting of the Hong Kong Monetary Authority’s Green and Sustainable Finance Cross-Agency Steering Group, suggested that sustainability reporting is […]
With the Coronavirus crisis continuing to put pressure on businesses, regulators and governments and with people still (mostly) locked down, it’s good to see that the crisis seems to have brought out some special creativity. As reported pretty widely, a few brave companies, whether in an act of special creativity, or because they just wanted […]
xBRL-JSON is one of several new specifications to reach candidate recommendation status last week, part of the XBRL modernisation initiative.
In difficult times like these it is especially useful for firms to have a clear picture of any upcoming regulatory changes that they need to prepare for. That’s why several of the UK’s regulatory authorities have launched the Regulatory Initiatives Grid initiative, designed to act as a roadmap which will help financial firms prepare for […]
Yesterday the International Accounting Standards Board (IASB) issued a package of narrow-scope amendments to the IFRS Standards. These included IAS 37, Onerous Contracts; IFRS 3, Reference to the Conceptual Framework; IAS 16, Property, Plant and Equipment; and Annual Improvements to IFRS Standards 2018–2020. The amendments will come into force in January 2022. Find out more about […]
As we underlined in a recent comment letter responding to Accountancy Europe’s proposals for non-financial standard setting, for reporting standards to be useful they should be global. So it’s welcome news that this week the Task Force on Climate-related Financial Disclosures (TCFD) have launched the Portuguese translation of its recommendations, designed to encourage a stronger […]
Reporting this year is vastly more complicated for many companies. A concise and clear blog post this week from Estonia gives some tips to help work through any pandemic-related problems and submit annual reports on time and correctly during the crisis. It’s a comprehensive guide to who, what and how to report for businesses in […]
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