We are pleased to report that this week the US Senate passed the provisions of the Financial Data Transparency Act (FDTA), as part of the Fiscal Year 2023 National Defense Authorization Act (NDAA), marking a significant milestone in transparency and data utility for the US.
After the European Parliament gave the final stamp of approval to the Corporate Sustainability Reporting Directive (CSRD) on 10 November, last week the Directive was published in the Official Journal of the EU. The CSRD takes effect in May 2023 and will begin to impact disclosures from January 2024.
Data Amplified this year saw significant sessions on the policy and practice driving digital sustainability disclosures. Bing Leng, Board Member of the International Sustainability Standards Board (ISSB), gave a thorough run down of the processes, governance procedures, and reiterations that are leading to a new global baseline for sustainability disclosure.
The UK’s Financial Conduct Authority (FCA) has issued updated guidance for filers preparing to navigate new block tagging requirements while reporting under the European Single Electronic Format (ESEF) mandate.
With the Corporate Sustainability Reporting Directive (CSRD) recently passing into EU law, at Data Amplified Henrik Sandin, Director and principal ESG Specialist at Workiva, shared his insights into what this is going to mean for filers in upcoming years.
The Monitoring Group (MG) – the international committee of regulators that oversights audit standards and ethical standards for the accounting and audit profession, has published a short report into the progress it has made so far implementing its recommended measures to strengthen the international audit system.
Last week saw the 2022 European Financial Reporting Advisory Group (EFRAG) Conference, marking 21 years of EFRAG’s work. Two speeches reflecting on EFRAG’s past and future were particularly worth a look.
The Australian Prudential Regulation Authority (APRA) has released its final Prudential Standard APS 330 Public Disclosure for locally incorporated authorised deposit-taking institutions (ADIs). The new standard follows a public consultation, and will be effective from 1 January 2023.
The European Banking Authority (EBA) has published a revised list of validation rules for its reporting standards, highlighting those which have been deactivated for incorrectness or for triggering IT problems.
Digital Sustainability Disclosures are on their way right around the world. That was the overriding message at our Data Amplified Virtual event on Wednesday.
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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.
