This week the IFRS Foundation published a draft taxonomy update to IAS 19, Employee Benefits.
The world over, financial regulators have a host of additional powers wherever a company is so vital to the operation of the economy that it’s judged “systemically important” in the light of guidelines agreed after the 2008 financial crisis.
This week the Task Force on Climate-related Financial Disclosures (TCFD) published its annual Status Report, showing significant growth in the number of supporting organisations and amount of investor demand.
The 2020/21 reporting season is set to bring a number of new challenges for businesses. With Covid-19 disrupting business-as-usual world-wide, and Brexit causing uncertainty in Europe, The UK Financial Reporting Council’s (FRC’s) Director of Regulatory Standards, Mark Babington, has some advice for preparers.
Ahead of the 2020/21 reporting cycle, the UK’s Financial Reporting Council (FRC) has published its Annual Review of Corporate Reporting, revealing the top ten areas the FRC has identified as requiring improvement.
The US Securities and Exchange Commission (SEC) has never been shy of enforcement action. It’s very encouraging to see evidence that the Commission’s enforcers are increasingly relying on advanced analytics.
Could municipal bond markets be due a shakeup? In an article on Forbes this week Barnet Sherman makes the case for a system-wide upgrade of muni markets, citing XBRL as the tool to take municipal disclosures into the 21st century.
Qatar is set to shortly join the many markets around the world that mandate the XBRL standard and benefit from increased data transparency, accuracy and utility.
Oman is gearing up to join the many markets around the world who have embraced digital, machine-readable disclosures.