Report Packages proposed recommendation released
The XBRL Standards Board has approved a new proposed recommendation on XBRL Report Packages for your final review.
Latest News
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IFRS sustainability disclosure standards endorsed by IOSCO
In a significant boost for comparable, usable sustainability data, The International Organization of Securities Commissions (IOSCO) has given its stamp of approval to the International Sustainability Standards Board’s (ISSB) Standards after a thorough review.
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De Nederlandsche Bank initiates purchasing process for XBRL software
The De Nederlandsche Bank (DNB) is initiating a purchasing process for software to enable the disclosure of information from XBRL taxonomies and reports. This move comes as a follow-up to the request for information (RFI) issued last year, in line with DNB’s ongoing efforts to enhance its reporting capabilities.
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How the Dutch SBR Program Reduces Administrative Burden
The implementation of standardised, normalised and harmonised data collections, such as in the Dutch Standard Business Reporting (SBR) program, can significantly reduce administrative burden and improve efficiencies.
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The value of structured, machine-readable data in training generative AI
In the era of artificial intelligence (AI), there is a growing interest in the use of AI models like ChatGPT to enhance financial reporting processes. However, it is crucial to recognise the importance of structured, machine-readable data in training AI models effectively.
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FSB Continues Progress on Climate-Related Financial Risks
In July 2021 the Financial Stability Board (FSB) released a comprehensive Roadmap, which aims to strengthen risk management practices and enhance financial system resilience to climate-related risks. It outlined key actions to be taken in four areas: firm-level disclosures, data, vulnerabilities analysis, and regulatory practices.
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FSB collaborates with IOSCO to support ISSB roll out
In a recent letter addressed to G20 Finance Ministers and Central Bank Governors, the Financial Stability Board (FSB) notes that it is intensifying its efforts to address climate-related financial risks by working closely with the International Organization of Securities Commissions (IOSCO) to support the roll out of the International Sustainability Standards Board (ISSB) final standards.
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EBA releases the technical package for phase 2 of its 3.3 reporting framework
The European Banking Authority (EBA) published the technical package for phase 2 of version 3.3 of its reporting framework. The technical package provides standard specifications and includes the validation rules, the Data Point Model (DPM) and the XBRL taxonomies for this phase of version 3.3.
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Interoperable data is the key to better carbon emissions reporting
The accurate reporting of greenhouse gas emissions is essential for driving sustainability in both countries and corporations, argues Liv Watson (senior digitisation advisor for Capitals Coalition) and Marian Van Pelt (senior vice president of climate and clean energy at ICF International) in a recent article.
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Accountancy Europe supports advances towards robust sustainability reporting standards
Accountancy Europe has expressed its support for the European Sustainability Reporting Standards (ESRS) as a critical tool in promoting relevant and verifiable information for sustainable business models.
