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EU Lawmakers formalise delay of ESRS implementation

February 17, 2024

European Parliament and Council lawmakers have officially agreed on a directive to delay the implementation of sector-specific sustainability disclosure standards and reporting requirements for companies outside the EU under the Corporate Sustainability Reporting Directive (CSRD).

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Bank of England Updates on XBRL Migration

February 17, 2024

In a recent Statistical Notice (2024/04) the Bank of England provided important updates regarding Form IPA UAT Testing and XBRL Migration.

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EFRAG releases first set of ESRS technical explanations

February 17, 2024

Last week EFRAG (European Financial Reporting Advisory Group) announced the release of its first set of technical explanations, aimed at assisting stakeholders in implementing the European Sustainability Reporting Standards (ESRS).

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Advancing financial reporting with iXBRL: A game-changer for companies

February 17, 2024

In a recent article by Martin DeVille, the evolution of digital financial reporting through the adoption of iXBRL takes center stage. The piece sheds light on how major European companies, numbering around 50,000, are embracing iXBRL as the standard format for their financial reporting needs.

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SEC Publishes the Regulatory Flexibility Agenda (RFA)

February 17, 2024

The Securities and Exchange Commission (SEC) recently published the Regulatory Flexibility Agenda (RFA) in the Federal Register.

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EFRAG launches public consultation ESRS XBRL taxonomy

February 10, 2024

This week the European Financial Reporting Advisory Group (EFRAG) published for public consultation its Draft ESRS Set 1 XBRL Taxonomy, alongside a Draft XBRL Taxonomy for Article 8 disclosures.

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FRC finds room for improvement in reporting by UK’s largest companies

February 10, 2024

The Financial Reporting Council (FRC) has released its assessment of reporting by the UK’s major private companies, published January this year.

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ECB Unveils Climate and Nature Plan 2024-2025

February 10, 2024

The European Central Bank (ECB) has revealed its climate and nature plan 2024-2025, designed to guide its actions aimed at combatting climate change over the next two years.

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EBA seeks industry input on sustainability exposure classifications

February 10, 2024

The European Banking Authority (EBA) has launched an industry survey, inviting credit institutions to contribute insights into their methodologies for classifying exposures to environmental, social, and governance (ESG) risks.

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Introduction to the upcoming IFRS 18 accounting standard

February 10, 2024

The IASB recently released an informative webcast introducing the forthcoming IFRS Accounting Standard, IFRS 18 Presentation and Disclosure in the Financial Statements. This new standard aims to enhance the reporting of financial performance, addressing investors’ demands for better information.

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