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In the wake of the recent approval of the new, final XBRL Report Packages Specification, draft guidance on report packages has been approved by XBRL International’s Best Practices Board (BPB).
The US Securities and Exchange’s (SEC) Division of Economic and Risk Analysis recently conducted an analysis into how filers are tagging reported items on the income statement over multiple reporting periods.
In a recent article for Bloomberg, legal analyst Kate Azevedo provides some keen insights into the US Securities and Exchange’s (SEC) expanded use of XBRL tagging to enhance enforcement.
UBPartner offers interesting food for thought in a recent paper on improving XBRL for data modelling, asking how we can help taxonomy authors to develop and manage large reporting systems.
EFRAG has published a draft comment letter regarding the IASB’s Exposure Draft IASB/AI/ED/2023/1 Annual Improvements—Volume 11, open for comments until 28 November 2023.
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