Climate change poses complex risks for financial systems that regulators don’t yet fully understand. In order to properly assess how physical risks and transition risks will interact with each other and other economic vulnerabilities, we need good quality, standardised non-financial data.
Having established a task force, the European Financial Reporting Advisory Group (EFRAG) is poised to proceed with the development of non-financial reporting standards, which, if implemented, would increase comparability, relevance and reliability of non-financial information.
Rachel Carpenter, CEO of Intrinio, recently highlighted the many benefits proper XBRL filing implementation would offer US municipalities.
Smaller companies in Singapore are looking at a 90% reduction in time spent filing returns thanks to a new software partnership that aims to automate filing for companies with simple financials.
Should the federal funds being used to boost US state and local budgets after a steep Covid-19-induced decline be dependent on better transparency?
While the data gleaned from regular, structured reporting is widely known to be a critical part of effective regulation, those requirements regularly come across one stumbling block: complaints about cost.
In Montreal, a financial planner can set a trigger to distribute a financial report the moment their budget is exceeded. In New Hampshire, accountants can easily look at the number, type and relationship between a taxpayer’s bills, all in a single portal. And in LA, a self-service data analytics tool allows users to create the […]
The International Federation of Accountants (IFAC) has called on G20 leaders to strengthen commitments to transparent non-financial reporting in their long-term recovery from Covid-19.
The US Securities and Exchange Commission (SEC) recently stepped up its phased approach to introducing Inline XBRL (iXBRL) tagging requirements.
Following fifteen months of preparation, the European Securities and Markets Authority (ESMA) oversaw a successful first day of reporting by financial market participants of securitised financing transaction (SFT) data to EU trade repositories (TRs) this week.