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Egyptian Exchange revolutionises financial transparency with XBRL

January 19, 2024

The Egyptian Exchange (EGX) is set to roll out an ambitious new electronic trading system – not only to upgrade EGX’s technological infrastructure, but also introducing XBRL for electronic disclosure by 2025.

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ECB releases Q3 2023 banking statistics powered by XBRL data

January 19, 2024

The European Central Bank (ECB) has released supervisory banking statistics for significant institutions, providing a comprehensive view of the third quarter of 2023. Key indicators highlight the health and performance of the banking sector, with crucial data reported in XBRL format, enabling in-depth analysis and comparisons.

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IFAC investigates education for accountants in sustainability reporting

January 19, 2024

In response to the increasing demand for sustainability-related disclosure and reporting, the International Federation of Accountants (IFAC) has published a literature review to assess and enhance the education available to accountancy professionals.

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Calculations 1.1: getting rid of the noise

January 14, 2024

XBRL Calculations can play an important role in ensuring the quality and accuracy of a financial report, and can flag up errors in both the XBRL tagging and the underlying numbers. Unfortunately, until now, calculation validation reports have been hampered by false positives — validation messages that don’t reflect real issues in the report.

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ESAs seek input on ESAP technical standards

January 14, 2024

Seamless EU-wide business data access is a step closer with this week’s publication of the European Single Access Point (ESAP) draft implementing technical standards (ITS). ESAP aims to provide easy access to publicly available data relevant to financial services, capital markets, and sustainability.

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Explore the EDGAR Next Initiative: Navigating SEC Rules and Requirements

January 14, 2024

 In 2021, the US Securities and Exchange Commission (SEC) proposed one of the most significant changes to the SEC filing process: a series of technical and process enhancements to the EDGAR system, collectively known as EDGAR Next.

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Corporates face fines under EU ESG due diligence directive

January 14, 2024

In hand with the Corporate Sustainability Reporting Directive (CSRD), the EU published a second environmental and social sustainability-focused directive this December – the Corporate Sustainability Due Diligence Directive (CSDDD).

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EFRAG Taxonomy Approved!

January 14, 2024

At its meeting this week, EFRAG’s Sustainability Reporting Board (ESRB) approved the draft European Sustainability Reporting Standards (ESRS) XBRL Taxonomy.

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Unlocking DER energy data with standards

January 14, 2024

Hudson Hollister, Founder and CEO of HData, sheds light on how structured data could be used to optimise the landscape of Distributed Energy Resources (DERs) in a recent article.

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Global preparations ensue for EU’s CSRD

January 14, 2024

The last few years have seen a paradigm shift in Environmental, Social, and Governance (ESG), with several new pivotal reporting frameworks. The Corporate Sustainability Reporting Directive (CSRD) is perhaps the most pressing new regulation in this space, requiring immediate attention from global corporations.

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