IASB amends IFRS 17
This week the International Accounting Standards Board (IASB) issued amendments to IFRS 17 (insurance contracts).
Latest News
News Item
News Item
ESEF RTS updated for 2020 Taxonomy
The European Securities and Markets Authority (ESMA) has published a draft update to the ESEF Regulatory Technical Standards (RTS) to reflect the changes that have been made to the 2020 IFRS taxonomy.
News Item
ESEF Tools are widely Available
XBRL International has conducted a survey of XBRL Certified Software™ vendors that offer report creation solutions for ESEF. We’ve now completed the production of reports on a country-by-country basis across the EEA and UK.
News Item
XBRL Europe Digital Week
Please keep an eye on the XBRL Europe website for a host of very useful presentations and discussions that occurred this week. Amongst others, there was a presentation from Patrick de Cambourg, Chairman of the Autorité des Normes Comptables, the French standards setter. M. de Cambourg described the need for ESG Reporting (or in EU parlance […]
News Item
Higher, Further, Faster
One item at this week’s XBRL Europe Digital Week was especially encouraging for those of us focussed on the modernisation and simplification of the XBRL standard. Fujitsu’s development team have been working on a Proof of Concept implementation for the xBRL-CSV specification. xBRL-CSV is designed to simplify handling of very large volumes of data. This […]
News Item
ESAs call for mandatory standardised ESG Disclosure in NFRD response
The European Securities and Markets Authority (ESMA), European Insurance and Occupational Pensions Authority (EIOPA), and European Banking Authority (EBA), or ESAs, have provided a joint letter to the European Commission highlighting key messages in their response to the review of the Non-Financial Reporting Directive (NFRD). The ESAs agree that the NFRD needs revising to meet […]
News Item
One small step for Europe as GLEIF and ESMA publish example ESEF report
Leading by example, this week the Global LEI Foundation (GLEIF) published its annual report in Inline XBRL format. But GLEIF went further than that. The report has also been published on the ESMA website as an example ESEF report. The report conforms to the requirements set out in the ESEF Regulation and the guidance in […]
News Item
IFRS 2020
More news on ESEF with yesterday’s announcement that the IFRS 2020 taxonomy has been incorporated into the ESEF rules. While, from a legislative perspective, there is some time before the revised RTS will be law, in practical terms it means that although EU issuers will be obliged to use the 2020 version for their 2021 […]
News Item
Standards for Government Data collection
Why should more US (and, indeed, worldwide) government data agencies switch to standards? In a recently published video XBRL US lays out the clear case for requiring businesses, grantees, and state or local governments to report information in standardised, machine-readable format. Fundamentally, data standards are the best way to simplify, speed up and reduce the […]
News Item
EBA issues revised list of Validation Rules
After updating or deactivating a number of validation rules in the Implementing Technical Standards (ITS) on supervisory reporting, the European Banking Authority (EBA) has issued a revised list of ITS for filing across the EU. EBA cautions that data submitted in line with the ITS should not be validated against this list of incorrect, deactivated […]
