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Anchoring entity-specific disclosures: new guidance lands

July 25, 2025

XII has published draft guidance exploring how taxonomy relationships can be leveraged to anchor entity-specific disclosures (ESDs), an important part of open reporting frameworks.

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ECB sees climate risk practices improving, but patchy coverage remains

July 25, 2025

European banks have made “significant strides” in managing climate and nature-related risks, according to Frank Elderson, Vice-Chair of the European Central Bank (ECB) Supervisory Board.

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Tech talent makes financial reporting sparkle

July 25, 2025

A new study from the University of Kansas has found that having employees who can tell their SQL from their CTRL+Zs dramatically boosts the relevance and timeliness of financial reporting.

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EU adopts ESAP rulebooks, paving the way for seamless digital access

July 18, 2025

The European Commission has adopted the final technical rulebooks for the European Single Access Point (ESAP), setting the operational framework ahead of its phased rollout starting in 2026.

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XBRL 2.1 conformance suite updated and released

July 18, 2025

The new XBRL 2.1 conformance suite is now available, supporting the continued robustness and interoperability of XBRL implementations. This update ensures that software tools align with the base specification and behave consistently across different reporting scenarios.

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Climate disclosures take shape as California sets digital reporting course

July 18, 2025

Last week the California Air Resources Board (CARB) released a FAQ document providing (a few) clarifications on the development of its Corporate Greenhouse Gas Reporting and Climate-Related Financial Risk Disclosure programmes. The guidance is designed to help companies prepare for the first climate-related financial risk disclosures, due by 1 January 2026.

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California holds the line on climate disclosures with no time to coast

July 18, 2025

Following its release of detailed FAQs on climate reporting rules, the California Air Resources Board (CARB) has made it clear that deadlines under the state’s landmark climate disclosure laws (SB 253 and SB 261) are here to stay.

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AI is making expensive mistakes with business data. Here’s a fix

July 18, 2025

Too many AI tools analysing company financials are working with messy PDFs and unstructured text, leading to hallucinations and errors that could cost millions. Meanwhile, there’s a goldmine of clean, structured financial data sitting in XBRL filings that AI systems have (too often) been ignoring.

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New webinar unpacks upgraded validation features in Calc 1.1

July 18, 2025

XBRL International recently hosted a fast-paced 30-minute webinar diving into Calculations 1.1, the latest upgrade to XBRL’s calculation rules. If you missed it, no worries: the recording is now available.

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Commission offers ESRS “quick fix” to ease early reporting burden

July 18, 2025

The European Commission has adopted a “quick fix” to the European Sustainability Reporting Standards (ESRS), aimed at reducing immediate pressures on wave one companies, meaning those already subject to corporate sustainability reporting for financial year 2024 onwards.

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