The European Financial Reporting Advisory Group (EFRAG) has published over 20 educational videos diving into the first set of European Single Reporting Standards (ESRS). The ESRS are the EU’s sustainability reporting standards, designed to promote consistency and comparability in sustainability reporting.
Comparability and interoperability between different reporting standards is an ever-important topic within business reporting. One source for understanding alignment is the IPSAS-IFRS Alignment Dashboard, which was recently updated, providing a useful resource for anyone who wants to understand where the two standards align and depart.
A new report from the International Federation of Accountants (IFAC) and the Association of International Certified Professional Accountants (AICPA & CIMA) finds that the largest global companies show momentum on sustainability reporting. However, barriers remain surrounding the provision of comparable, useful, high-quality information to investors.
The XBRL Standards Board has approved the publication of a Proposed Edited Recommendation of the Open Information Model suite of specifications, which includes the new xBRL-CSV and xBRL-JSON formats.
The Public Finance Network, representing US state and local governments, government entities, and issuers of municipal securities, has requested that its members be involved and provide input in the implementation of the Financial Data Transparency Act (FDTA).
On the 30th anniversary of EDGAR’s implementation, in a statement on the US Securities and Exchange Commission (SEC) rule to extend the daily filing deadline to 10pm, SEC commissioner Mark T. Uyeda encouraged further EDGAR reform including a wider expansion of filing deadlines.
The UK Financial Reporting Council (FRC) has re-released an updated version of the 2023 taxonomy suite following an issue.
Following last month’s announcement that the US Financial Accounting Foundation (FAF) will upgrade existing free access to the online version of its standards, FAF has now implemented the change.
The European Financial Reporting Advisory Group Financial Reporting Technical Expert Group (EFRAG FR TEG) has renewed the mandate of six of its members, and welcomed Jens Berger as Acting Chair.
This week the XBRL International Board of Directors voted unanimously to finalise the Calculations 1.1 Specification and move it to Recommendation status.
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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.
