The US Financial Accounting Standards Board (FASB) has released proposed GAAP Taxonomy Improvements for public comment.
In late December last year the US Securities and Exchange Commission (SEC) updated its EDGAR system to version 23.4, providing support for the new Fund (FND) Taxonomy, which has been specifically tailored for tagging elements associated with the recent final rule on Investment Company Names.
The US Federal Energy Regulatory Commission (FERC) is advancing its XBRL filing process with the release of Version 2024-04-01 for FERC Forms. Effective from the first quarter of 2024, this update encompasses taxonomies, validation rules and rendering files for Forms 1, 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 60, and 714.
In response to COP28 outcomes, CDP CEO Sherry Madera celebrates the global agreement to shift from fossil fuels but urges a more robust stocktake with a clear, sustainability data-based roadmap. Acknowledging progress, Madera emphasises the pivotal role of robust data and transparency.
The UK’s Joint Regulatory Oversight Committee – a collaborative effort between the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) – has provided an update on substantial strides made since its open banking vision announcement in April.
The European Financial Reporting Advisory Group (EFRAG) has released its first three draft ESRS (European Sustainability Reporting Standards) Implementation Guidance documents for public feedback.
This week Europe published agreed-upon regulation to establish the European Single Access Point (ESAP). Designed to provide centralised access to publicly relevant data from across EU member states, ESAP has the potential to be a game-changer for digital data in Europe.
The XBRL Standards Board this week approved updates to the XBRL Data Type Registry (DTR) and Units Type Registry (UTR) to help facilitate digital sustainability reporting.
In support of robust sustainability reporting, the International Federation of Accountants (IFAC) has released a report, ‘Building Trust in Sustainability Reporting: The Urgent Need for Integrated Internal Control,’ which aims to equip professional accountants for upcoming mandatory sustainability reporting requirements.
The US Financial Accounting Standards Board (FASB) has launched the 2024 GAAP Financial Reporting Taxonomy (GRT). The new taxonomy integrates the Calculations 1.1 specification, which was finalised by XBRL International earlier this year. The FASB also published the new 2024 SEC Reporting Taxonomy and 2024 DQC Rules Taxonomy – collectively, the three are known as the […]
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