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IOSCO to advance on sustainable disclosures

April 16, 2023

The International Organization of Securities Commissions (IOSCO) has published its Work Program for 2023-2024, which includes a focus on sustainability disclosures.

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Shortage of accountants shines light on benefits of digitisation

April 16, 2023

A recent article on CPA Practice Advisor highlights how the digital transformation can play an important role in easing pressure on accounting firms struggling with a talent shortage.

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South Korea’s XBRL implementation finalised

April 7, 2023

A few weeks ago we reported that the Financial Supervisory Service (FSS) in Korea was looking to increase the scope of XBRL in financial disclosure to align with global standards and improve market transparency. On 30 March, these plans were finalised.

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FRC prioritises digital reporting as most impactful technology

April 7, 2023

The UK’s Financial Reporting Council (FRC) has identified digital reporting and tagging, including of ESG (Environmental, Social, and Governance) information, as a high priority area for its technology and digital strategy.

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IOSCO outlines considerations for ESG assurance

April 7, 2023

The International Organization of Securities Commissions (IOSCO) has unveiled its latest report, outlining key considerations for establishing a reliable global assurance framework for sustainability-related corporate reporting.

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ISSB considers phased approach to sustainability reporting with climate taking centre stage

April 7, 2023

While we wait for the much-anticipated initial two standards from the International Sustainability Standards Board (ISSB), set to be released in Q2 2023, the board is considering additional transitional relief to support companies who will be implementing Standards S1 and S2.

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FCA receives broad support for its Sustainability Disclosure Requirements

April 7, 2023

The UK’s Financial Conduct Authority (FCA) has received positive feedback on its proposals to improve sustainability information available to investors. The proposals aim to build trust in sustainable investment products and to help consumers make better-informed decisions when navigating the market.

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EFRAG aligns due process procedures with CSRD

April 7, 2023

The EFRAG General Assembly has approved updates to its Due Process Procedures for Sustainability Reporting Standard Setting (DPP) to align them with the final provisions contained in the Corporate Sustainability Reporting Directive (CSRD).

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A closer look at ESMA’s corporate reporting enforcement

April 7, 2023

The European Securities and Markets Authority (ESMA) has published its 2022 Corporate Reporting Enforcement and Regulatory Activities Report, outlining activities related to financial and non-financial information, and European Single Electronic Format (ESEF) reporting.

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IASB launches climate-related risk project

March 31, 2023

The International Accounting Standards Board (IASB) has started a new project exploring how climate-related risk can be better outlined in financial statements.

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