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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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ESMA looks to expand Inline XBRL mandates?

October 6, 2023

The European Securities and Markets Authority (ESMA) has just unveiled its second consultation regarding the regulation of markets in crypto-assets (MiCA). Since MiCA came into force this June, ESMA has been empowered to establish technical standards and guidelines for specific MiCA provisions.

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ESMA’s 2024 plan: navigating digital change and sustainable finance

October 6, 2023

The European Securities and Markets Authority (ESMA), has unveiled its ambitious work plan for 2024, with a clear focus on sustainable finance and digital transformation as top priorities.

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SFDR Overhaul: Balancing Sustainability and Uncertainty

October 6, 2023

The European Union’s Sustainable Finance Disclosure Regulation (SFDR) is set for a comprehensive review, reflecting the evolving global landscape of sustainable investment.

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GLEIF and Open Ownership Collaborate to Boost Corporate Ownership Transparency.

October 6, 2023

The Global Legal Entity Identifier Foundation GLEIF and Open Ownership have joined forces to introduce Legal Entity Identifiers (LEIs) into datasets that are in line with with the Beneficial Ownership Data Standard.The primary goal is enhancing transparency in corporate ownership and control in support of secure, faster payments.

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