IFRS Taxonomy amendments proposed
This week the IASB published two proposed updates to the IFRS 2020 Taxonomy to bring it in line with recent amendments to the IFRS Standards.
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GRI and SASB collaborate for Sustainability Reporting clarity
As repeat readers of this newsletter will know, sustainability reporting has long been troubled by a confusing proliferation of competing and complementary standards and frameworks that reduce usability and comparability.
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EIOPA publishes taxonomy updates
This week the European Insurance and Occupational Pensions Authority (EIOPA) published the final versions of the 2.5.0 Solvency II and Pension Funds XBRL Taxonomies, Data Point Models and related validations.
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EBA publishes updated XBRL Taxonomies
The European Banking Authority (EBA) has published a new ‘phase two’ technical package on reporting framework 2.0.
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ESMA updates ESEF Guidance
This week the European Securities and Markets Authority (ESMA) published an update to the ESEF Reporting Manual.
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EFRAG tasked with proposing Non-financial Reporting Standards
The European Commission (EC) continued making headway on non-financial reporting this week with an announcement that the European Financial Reporting Advisory Group (EFRAG) is to develop recommendations for non-financial reporting standards.
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Digital Reporting in Australia: Time for change?
With the UK, US, Europe, Japan and many other jurisdictions mandating XBRL-based digital reporting, is it time for Australia’s accountants to push for similar steps there?
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South Korea: FSC calls for Open Data Access
At a recent forum the Financial Services Commission (FSC) Vice Chairman Sohn Byung-doo called on industry players to ‘open up their data assets as much as possible’ to enable innovation in financial services.
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FCA outlines Audit Split Plans
This week the UK’s Financial Reporting Council (FRC) announced their plan for the first structural overhaul of the big four accounting firms since the failure of Carillion in 2018 prompted calls for audit regulation reform.
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Digital Health Data to supplant PDFs
The Covid-19 crisis has shown just how essential fast, easy, comprehensive access to health and safety data can be. Making sure that this data is in structured, digital format can help accelerate essential research – a lesson the FDA are putting into practice with their new strategy to modernise the submission of regulatory data and […]
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