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UK launches review of non-financial reporting requirements

June 2, 2023

The UK Department for Business and Trade (DBT), in collaboration with the Financial Reporting Council (FRC), has issued a call for evidence to support the review of the UK’s non-financial reporting requirements.

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Eurofiling releases conference agenda

June 2, 2023

The 28th Eurofiling Workshop will be held on 13 and 14 June at the ECB in Frankfurt and is divided into four thematic blocks (half day each)

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New taxonomy design guidance published

June 2, 2023

The Taxonomy Design Working Group, part of XBRL International’s Best Practices Board, recently published new guidance designed to help taxonomy authors and architects.

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XBRL Asia Roundtable open for registration

June 2, 2023

XBRL Asia Round Table is a digital reporting event for regulators and relevant professionals across Asia. The event, held in Tokyo, will help improve business reporting strategy and familiarise attendees with international best practices. Participants can engage with regulators implementing XBRL for their reporting processes and consult subject matter experts on various relevant issues.

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Dive deep into the practicalities of implementing data standards under the FDTA

June 2, 2023

Following the passage of the US’s  Financial Data Transparency Act (FDTA) late last year, there has been some debate on the best way to implement the requirements of the act. XBRL US recently published a white paper offering an analysis of the existing state of data management amongst agencies affected by the FDTA and a […]

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IASB Implements New Disclosure Requirements to Enhance Transparency of Supplier Finance

June 2, 2023

Hot on the heels of recent regulatory scandal surrounding supply chain finance deals, also known as reverse factoring, the International Accounting Standards Board (IASB) has issued new disclosure requirements designed to assuage investor concerns regarding the lack of visibility into company supplier finance arrangements.

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SEC proposed rule on Cybersecurity Risk Management receives support and recommendations from XBRL US

June 2, 2023

 In response to the US Securities and Exchange Commission’s (SEC) proposed Cybersecurity Risk Management Rule request for comments, XBRL US have submitted a comment response letter. The rule aims to enhance cybersecurity risk reporting for various entities such as broker-dealers, clearing agencies, security-based swap participants.

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Deal reached on ESAP to provide investor access to EU data

May 28, 2023

This week the European Parliament and Council negotiators agreed on the timeline and processes for establishing the European single access point (ESAP), a common data platform that will merge digital data crucial for capital markets, financial services, and sustainable finance from across Europe.

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Think Digital for Sustainability Disclosures

May 28, 2023

XBRL EU urges digital for sustainability disclosures at a meeting in Rome this week. At the very successful XBRL-EU conference in Rome earlier this week, the attendees heard a range of details about the upcoming implementation of the European Sustainability Reporting Standards (or ESRSs) via the CSRD, or Corporate Sustainability Reporting Directive.

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FRC publishes minimum standard for audit committees

May 28, 2023

The Financial Reporting Council (FRC) has released the Audit Committees and the External Audit: Minimum Standard, designed to enhance audit quality and reinforce public trust in the financial reporting process. The standard provides clear expectations and guidelines for audit committees within the FTSE350, supporting the delivery of high-quality audits.

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