A world tour in news
A few highlights from across our global community this year include:
Latest News
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XSB end-of-year treats
One for all our technical readers. Just in time for the last newsletter of the year, please do have a look at the updates approved by the XBRL Standards Board on Tuesday and now published:
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FASB issues latest taxonomies
The US Financial Accounting Standards Board (FASB) has published the final 2025 GAAP Financial Reporting Taxonomy (GRT), the 2025 SEC Reporting Taxonomy (SRT), and the 2025 GAAP Employee Benefit Plan Taxonomy (EBPT), pending acceptance by the Securities and Exchange Commission (SEC).
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Software certification news
We’re delighted to announce that we’re ending the year with two new software certifications.
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EU finalises public CbCR with structured data taking centre stage
After years of debate and development, the European Commission has taken the next major step in public country-by-country reporting (CbCR).
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Introducing ESG and XBRL to enhance transparency in the pharmaceutical and biotechnology industries
The Korea Pharmaceutical and Bio-Pharmaceutical Manufacturers Association (KPBMA) held a seminar on accounting and tax issues this week, focusing on the role of ESG (Environmental, Social, and Governance) and XBRL in improving transparency.
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EFRAG backs IASB climate-related uncertainty guidance
The European Financial Reporting Advisory Group (EFRAG) has published its Final Comment Letter on the International Accounting Standards Board (IASB)’s Exposure Draft (ED) on “Climate-related and Other Uncertainties in the Financial Statements – Proposed Illustrative Examples”.
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Full speed ahead as India leads on digital sustainability reporting
“Unless the data is comparable, unless the data can be used easily, unless the data can be analysed, it’s no use having all this [sustainability reporting],” says CA (Dr) Debashis Mitra, Past President of the Institute of Chartered Accountants of India (ICAI).
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New ISSB webinar explores assurance in sustainability reporting
The International Sustainability Standards Board (ISSB) has released the fifth episode in its webinar series, focusing on assurance for sustainability disclosures.
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MBRS 2.0 goes live simplifying corporate compliance
Malaysia has officially entered a new era of corporate reporting with the launch of MBRS 2.0. The Companies Commission of Malaysia (SSM) introduced the enhanced Malaysian Business Reporting System on 25 September, making digital submissions mandatory from 1 December.
