Over the past few weeks, some 4000 Ukrainian financial reports have been added into the XBRL International filings.xbrl.org repository.
The UK’s Financial Reporting Council (FRC) has published the draft version of the UK Single Electronic Format (UKSEF) Conformance Suite as part of the 2024 Taxonomy annual cycle. Open for public consultation until 31 December 2023, the suite is key to understanding and ensuring compliance with UKSEF filing requirements.
The UK’s Financial Reporting Council (FRC) has launched its 2024 suite of FRC Taxonomies, encompassing UK IFRS, FRS 101, FRS 102, UKSEF, and Charities. The suite incorporates a number of updates.
The European Financial Reporting Advisory Group (EFRAG) and Carbon Disclosure Project (CDP) recently announced that they will be collaborating to boost the adoption of European Sustainability Reporting Standards (ESRS), which were passed by the European Commission this July.
The Global Reporting Initiative (GRI) is set to launch the Sustainability Innovation Lab (SIL) in partnership with the IFRS Foundation. The SIL aims to enhance sustainability disclosure capabilities globally, acting as a hub for innovation, professional development, and practical solutions.
Earlier this month the US Securities and Exchange Commission (SEC) published its final rule on Security-Based Swap Execution and Registration of Security-Based Swap Execution Facilities (SBSEF). This comprehensive rule addresses the registration and regulation of SBSEFs, shedding light on critical issues in the world of security-based swaps.
Materiality, a linchpin in financial reporting, has garnered renewed attention from the Australian Accounting Standards Board (AASB). Two recent publications shine a light on the application of materiality by preparers and auditors, revealing a need for more nuanced approaches that align with user expectations.
The Australian government has launched its Sustainable Finance Strategy, a step toward achieving net-zero emissions. This framework aims to dismantle barriers to sustainable investments, aligning with global environmental goals.
We continue to explore the US Securities and Exchange Commission’s (SEC) comment letter archive this week – catch up with parts one and two on our website. These letters, sent to individual companies regarding issues in their financial statements, provide an overview of the kinds of errors cropping up in Inline XBRL filings.
In the wake of the recent approval of the new, final XBRL Report Packages Specification, draft guidance on report packages has been approved by XBRL International’s Best Practices Board (BPB).
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