In a speech setting out priorities for his second term, IASB Chair Hans Hoogervorst outlined plans to prioritise improvements to the communications of financial statements. Of particular interest to the XBRL community will be the continuation of the Disclosure Initiative, along with a focus on digital reporting and non-financial reporting. You can read Hoogervorst’s speech here.
Our take on “alternative performance measures” (also known as non-GAAP)? Use them judiciously and not to mislead. XBRL can help.
Our thoughts on remarks by SEC Commissionor Kara Stein on efforts to “breathe new life into the critical matchmaking process between companies and investors”.
FASB used SEC XBRL data from 2014 to identify over USD $1 trillion in undiscounted lease obligations that were being reported in footnotes. Read about the resulting guidance.