This week the European Financial Reporting Advisory Group (EFRAG) published for public consultation its Draft ESRS Set 1 XBRL Taxonomy, alongside a Draft XBRL Taxonomy for Article 8 disclosures.
The Financial Reporting Council (FRC) has released its assessment of reporting by the UK’s major private companies, published January this year.
The European Central Bank (ECB) has revealed its climate and nature plan 2024-2025, designed to guide its actions aimed at combatting climate change over the next two years.
The European Banking Authority (EBA) has launched an industry survey, inviting credit institutions to contribute insights into their methodologies for classifying exposures to environmental, social, and governance (ESG) risks.
The IASB recently released an informative webcast introducing the forthcoming IFRS Accounting Standard, IFRS 18 Presentation and Disclosure in the Financial Statements. This new standard aims to enhance the reporting of financial performance, addressing investors’ demands for better information.
Regulators and many other readers interested in the role of open standards in the financial sphere might like to join an upcoming event being hosted in the Bloomberg offices in central London on the afternoon of 21 February.
Finance leaders are grappling with trust issues regarding their organisation’s financial data, reveals a recent survey by BlackLine. The survey, conducted among over 1,300 C-suite and senior finance professionals across seven global markets, found that nearly 40% of CFOs lack complete trust in the accuracy of their own financial data.
We would like to draw your attention to an open tender procedure, EIOPA/2023/OP/0010, accessible on the EU Commission’s F&T portal.
The IFRS Taxonomy Consultative Group (ITCG) held an all day hybrid meeting yesterday covering a range of topics. The meeting was recorded and is now available on catchup from the IFRS website.
The XSB has approved additions to the XBRL Unit Registry to support sustainability reporting requirements. The new “intensity” units enable the reporting of measures such as “green house gas emissions per unit of revenue”.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
