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IFRS Foundation monitoring board emphasises oversight of standard-setting

March 17, 2024

In a recent meeting held in Madrid, Spain, the IFRS Foundation Monitoring Board reaffirmed the crucial role of ongoing oversight in governing the standard-setting activities of the IFRS Foundation.

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Preparing for tailored shareholder reports

March 17, 2024

In a bid to enhance transparency and accessibility for retail investors, in 2022 the US Securities and Exchange Commission (SEC) introduced rules on tailored shareholder reports for open-end funds.

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Bank of England’s data and analytics strategy: a path to modernisation

March 17, 2024

James Benford, Executive Director for Data and Analytics Transformation and Chief Data Officer at the Bank of England, recently outlined the Bank’s ongoing journey to refresh its data and analytics strategy.

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SEC identifies errors in cash flow statement data

March 17, 2024

Last week the US Securities and Exchange Commission (SEC) announced findings regarding incorrect elements in certain cash flow statement presentations. Following an evaluation by SEC staff, discrepancies were discovered in three presentation abstracts: Net Cash Provided by or Used in Operating Activities, Financing Activities, and Investing Activities.

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SEC adopts climate-related disclosure rule

March 10, 2024

This Wednesday the US Securities and Exchange Commission (SEC) voted (3 to 2) in favour of the long-awaited and domestically controversial Climate Related Disclosures for Investors rule. The new rule introduces enhanced, standardised, Inline XBRL reporting for various aspects of climate risk, designed to improve investor access to information.

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FCA adds new specs to system

March 10, 2024

The UK’s Financial Conduct Authority (FCA) has made an upgrade to their filing system, adopting the recently finalised specification update Calculation 1.1 specification and permitting .xbri file extensions in line with the Report Packages specification.

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Italian IFRS17 support materials available

March 10, 2024

The ABI-XBRL Italia working group has published ESEF-IFRS17 support materials. The aim is to assist listed financial institutions in aligning their consolidated financial statements with Regulation 815/2019 (ESEF) and the accounting principles in IFRS 17 on Insurance Contracts.

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Hong Kong advances sustainability disclosure standards development

March 10, 2024

Following a Hong Kong government announcement in October 2023, Hong Kong is taking strides to implement sustainability standards in line with those released by the International Sustainability Standards Board (ISSB).

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New software certified

March 10, 2024

We are very pleased to announce that Visma XBRLValidPro  from Visma Connect  is the latest XBRL Certified Software to achieve a “full house” of certification for all specification modules.

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Insights into digital climate data reporting in California

March 10, 2024

XBRL US recently released a new publication, “Digital First for California Climate Data,” highlighting the importance of digital data standards in climate reporting –  and advocating for the adoption of XBRL for greenhouse gas (GHG) emissions reporting in California.

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