On 17 October 2024, the Financial Stability Board (FSB) launched a consultation on its new Format for Incident Reporting Exchange (FIRE).
The Financial Stability Board (FSB) has released an updated progress report on the implementation of the Legal Entity Identifier (LEI) which was introduced in 2012 to standardise identification of counterparties in financial transactions globally.
Contributed by Slawomir Skrzypek, Business Development Director – EMEA Center of Excellence for FUJITSU xBRL Solutions. On 9 October 2024, Fujitsu, a Direct Member and Sustaining Partner of XBRL International, gathered regulators, XBRL experts, and technical leaders from 22 countries at its 6th Annual European xBRL Workshop in Naples.
In a recent response to the proposed Financial Data Transparency Act (FDTA) rule, XBRL US has called for enhancements to improve standardisation and reduce regulatory costs.
Issuers in South Africa can now use the IFRS Sustainability Disclosure Taxonomy (also called the ISSB taxonomy) to report sustainability data digitally.
The Government of Canada has continued its multi-year push toward ESG reporting by announcing mandatory climate-related financial disclosures for large, federally incorporated private companies.
The US Financial Accounting Standards Board (FASB) has issued proposed technical improvements to the 2025 US GAAP Financial Reporting Taxonomy, inviting public feedback by 31 October 2024.
As carbon pricing schemes expand, their growing presence is poised to reshape financial reporting, with dwindling free carbon allowances set to bring these programmes into sharper focus on company balance sheets.
The US Financial Accounting Standards Board (FASB) has issued proposed updates to the US GAAP Financial Reporting Taxonomy, inviting public comments on two key areas: hedge accounting improvements and clarifications to share-based consideration payable to a customer.
Our draft guidance, How to use a single Inline XBRL document for multiple reports is here. This resource addresses the growing need for streamlined, efficient reporting, particularly in cases where a single document needs to satisfy multiple reporting requirements.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
