How can financial reports provide better information on intangibles? The European Financial Reporting Advisory Group (EFRAG) has published a discussion paper examining different approaches to this issue, with comments requested by 30 June 2022.
For those interested in reporting in the UK, the Financial Reporting Council (FRC) has issued its draft XBRL taxonomies suite for 2022 on the Yeti taxonomy viewer.
An interesting recent article in Accountants Today, from the Malaysian Institute of Accountants, looks at the experience of XBRL adoption in Malaysia from an accounting perspective, and how smaller accounting firms could be supported to overcome the key challenges so far.
The final countdown to XBRL reporting in Oman has begun! Oman’s Capital Market Authority (CMA) and its stock exchange, the Muscat Securities Market (MSM), has organised a second round of workshops in preparation for the launch of its new disclosure portal, which will enable the reporting of both financial and non-financial information in XBRL format.
The European Insurance and Occupational Pensions Authority (EIOPA) has published a consultation paper on amendments to its supervisory reporting and disclosure requirements under Solvency II.
The People’s Bank of China (PBOC) has introduced new disclosure requirements for non-bank payment platforms around the reporting of major events or changes, which will come into effect at the start of September.
The European Banking Authority (EBA) launched today a public consultation on draft regulatory technical standards (RTS) that set out criteria for identifying shadow banking entities.
Some of our readers may be interested in a new eight-step guide to the disclosure process using Sustainability Accounting Standards Board (SASB) Standards.
The Financial Stability Board (FSB) recently published its ‘Interim Report on the Lessons Learnt from the COVID-19 Pandemic from a Financial Stability Perspective,’ identifying preliminary lessons on financial stability and the functioning of the G20 financial reforms.
“In this age of digital reporting, hundreds of XBRL taxonomies are published every year,” says Katherine Haigh, member of the XBRL International Best Practices Board and Quality Assurance Manager at CoreFiling.
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