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FRC seeks information from XBRL software vendors

October 22, 2023

On 1 November, the UK’s Financial Reporting Council (FRC) will host a pre-tender market engagement webinar to gain market insight related to the development of an Inline XBRL viewer tool, as part of its Company and Organisational Data Explorer (CODEx) project.

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South Korea delays ESG disclosure mandates

October 22, 2023

Recent developments in Korea include a shift in mandatory sustainability-related disclosure timelines.

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California enacts first mandatory climate disclosure law in the US

October 16, 2023

California’s Governor Gavin Newsom has signed two landmark climate-disclosure bills, SB 253 and SB 261, into law, effective on companies from 2026.

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Launch of Transition Plan Taskforce framework

October 16, 2023

The launch of the Transition Plan Taskforce (TPT) best practice disclosure framework at the London Stock Exchange on Monday this week brought together an impressive roster of speakers to discuss the significance of effective transition plan disclosures in driving at-scale climate transition.

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FASB to host public roundtable on income statement expense disclosures

October 16, 2023

The Financial Accounting Standards Board (FASB) is organising a public roundtable for 13 December to discuss the proposed Accounting Standards Update (ASU) related to the Income Statement under US GAAP.

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Becoming Meta

October 16, 2023

The FASB has released for comment a note on its latest plans to utilise a “meta model”, a mechanism to add a range of metadata to the US GAAP taxonomy.

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IASB proposes updates to IFRS Accounting Taxonomy 2023

October 16, 2023

The International Accounting Standards Board (IASB) has published a proposed update to the IFRS Accounting Taxonomy 2023.

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Powering up: FERC’s overhaul of the uniform system of accounts

October 16, 2023

The US Federal Energy Regulatory Commission (FERC) has approved an update to the Uniform System of Accounts to better reflect the energy industry’s changing landscape.

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Empowering digital clarity: ITCG

October 16, 2023

A refreshed and reconstituted IFRS Taxonomy Consultative Group (ITCG) met yesterday and will continue to deliberate tomorrow at the IFRS offices in London.

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Project Mandala: smoothing cross-border finance with regulatory alignment 

October 16, 2023

A new project in the Asia Pacific arena will explore the potential for common regulatory protocols to ease cross-border financial processes such as investment, borrowing, and payments.

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