One of the big possibilities we’ve been talking about as the AI revolution unfolds is the prospect of interacting with XBRL data – and getting accurate, decision-useful insights – using AI chatbots, without the need for in-depth technical analytics skills. That future is already here.
XBRL US has submitted its response to EFRAG’s consultation on the amended European Sustainability Reporting Standards (ESRS).
The International Accounting Standards Board (IASB) has released a series of webcasts to help small and medium-sized enterprises (SMEs) apply the recently updated IFRS for SMEs Accounting Standard. The third edition of the Standard, published in February 2025, is effective for reporting periods beginning on or after 1 January 2027, with early application permitted.
The US Financial Accounting Standards Board (FASB) recently released proposed improvements to the US GAAP Financial Reporting Taxonomy in connection with a new Accounting Standards Update (ASU). The ASU addresses the initial measurement of paid-in-kind dividends on equity-classified preferred stock, aiming to clarify how issuers should recognise these transactions.
EFRAG has published two new reports mapping digital tools, platforms and initiatives designed to support application of the EU’s Voluntary Sustainability Reporting Standard for SMEs (VSME). The first provides a comparison of greenhouse gas (GHG) calculators, while the second surveys more than 200 reporting platforms and initiatives across Europe.
From 1 November 2025, all Ukrainian companies preparing financial statements under international standards will report exclusively in XBRL.
Supervision is moving to the centre of Europe’s financial debate. Speaking at the Eurofi Forum in Copenhagen, Martin Moloney, Deputy Secretary General of the Financial Stability Board, warned that “weak supervision is becoming even more of a core risk and wise supervision is a strategic opportunity.”
Thailand’s Securities and Exchange Commission has launched a public consultation on draft regulations to align listed-company sustainability disclosures with the International Sustainability Standards Board’s IFRS S1 and IFRS S2. Feedback is open until 22 October 2025.
EFRAG is turning the spotlight on intangibles. In November it will host a series of online workshops with investors, analysts and International Accounting Standards Board (IASB) representatives, asking a simple but far-reaching question: what information on intangibles do users really need?
The UK’s Prudential Regulation Authority (PRA) has opened consultation on plans to cut regulatory reporting burdens for banks. Announced on 22 September 2025, the proposals would delete 37 templates inherited from European Union rules, mainly covering financial reporting.
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