In response to the increasing demand for sustainability-related disclosure and reporting, the International Federation of Accountants (IFAC) has published a literature review to assess and enhance the education available to accountancy professionals.
XBRL Calculations can play an important role in ensuring the quality and accuracy of a financial report, and can flag up errors in both the XBRL tagging and the underlying numbers. Unfortunately, until now, calculation validation reports have been hampered by false positives — validation messages that don’t reflect real issues in the report.
Seamless EU-wide business data access is a step closer with this week’s publication of the European Single Access Point (ESAP) draft implementing technical standards (ITS). ESAP aims to provide easy access to publicly available data relevant to financial services, capital markets, and sustainability.
In 2021, the US Securities and Exchange Commission (SEC) proposed one of the most significant changes to the SEC filing process: a series of technical and process enhancements to the EDGAR system, collectively known as EDGAR Next.
In hand with the Corporate Sustainability Reporting Directive (CSRD), the EU published a second environmental and social sustainability-focused directive this December – the Corporate Sustainability Due Diligence Directive (CSDDD).
At its meeting this week, EFRAG’s Sustainability Reporting Board (ESRB) approved the draft European Sustainability Reporting Standards (ESRS) XBRL Taxonomy.
Hudson Hollister, Founder and CEO of HData, sheds light on how structured data could be used to optimise the landscape of Distributed Energy Resources (DERs) in a recent article.
The last few years have seen a paradigm shift in Environmental, Social, and Governance (ESG), with several new pivotal reporting frameworks. The Corporate Sustainability Reporting Directive (CSRD) is perhaps the most pressing new regulation in this space, requiring immediate attention from global corporations.
One item in particular over the holiday break caught our attention. Research by Patronus AI highlighted apparent challenges faced by large language models (LLMs), such as OpenAI’s GPT-4, in analysing financial data contained in US Securities and Exchange Commission (SEC) filings.
The European Banking Authority (EBA) has released its final draft Implementing Technical Standards (ITS) supporting amendments to disclosure and reporting requirements for the Minimum Requirement for Own Funds and Eligible Liabilities (MREL) and the Total Loss Absorbency Requirement (TLAC).
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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.
