The Financial Accounting Standards Board (FASB) has released proposed improvements to the 2026 GAAP Financial Reporting Taxonomy (GRT) as part of its ongoing Reference Project. The consultation invites comments until 30 October 2025.
India’s capital markets are confidently working in the digital age. Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are expanding their use of XBRL for company disclosures. It’s a quiet but transformative shift that is strengthening transparency, data quality, information provider and investor access.
On Wednesday the European Parliament unexpectedly rejected its negotiating mandate on the proposed “omnibus” bill aimed at simplifying corporate sustainability and due diligence rules across the EU. More delays, extended discussions seem inevitable. There is a potential for the bill to be reworked in unanticipated ways before a revised vote in November.
On 14 of October the US Securities and Exchange Commission (SEC) upgraded its EDGAR system to Release 25.3, which enables the deployment of the updated Special Purpose Acquisition Company (SPAC) Taxonomy for XBRL‑filings.
The European Securities and Markets Authority (ESMA) recently issued its annual European Common Enforcement Priorities (ECEP), highlighting what it’s going to be looking out for in 2025 annual financial reports.
Last week in Panjim, Goa, the ICAI held the 6th International Research Awards ceremony — a major event recognising outstanding scholarly work in the fields of Accounting, Audit, Taxation, Finance and Economics. The awards showcase research at the intersection of business innovation, technology, sustainability and governance — signalling the profession’s commitment to forward-looking thinking.
Earlier this month the California Air Resources Board (CARB) published draft spreadsheet-based templates for reporting Scope 1 and Scope 2 greenhouse gas emissions under Senate Bill 253, the Climate Corporate Data Accountability Act.
Digital transformation is officially on the agenda in Bangladesh’s capital markets. A key step towards modernising financial oversight, the Bangladesh Securities and Exchange Commission (BSEC) recently announced plans to implement structured, digital reporting – with all the associated benefits for transparency, accountability, and data access.
Interesting post from Rob Riche of Friends Studio this week. The convergence of AI and structured data is creating entirely new opportunities for financial reporting, and in the UK and Europe, ESEF is positioned at the heart of this transformation.
The Financial Accounting Standards Board (FASB) Taxonomy staff has issued a set of proposed improvements for the 2026 GAAP Financial Reporting Taxonomy (GRT) Reference Project, now open for public comment.
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