In more implementation news, we bring you an update from Oman, where progress towards XBRL-based reporting is well advanced and a series of stakeholder meetings is set to offer valuable training, discussion and feedback. Oman’s Capital Market Authority (CMA) and its stock exchange, the Muscat Securities Market (MSM), are preparing for the launch of an […]
In more news from the US Securities and Exchange Commission (SEC), on 3 February the Commission posted a new rule on electronic submissions to its EDGAR system in the Federal Register.
Many of us have been carefully watching the progress of the European Single Electronic Format (ESEF) mandate. ESEF, underpinned by Inline XBRL, has seen the market rapidly develop new, innovative and competitive tools for compliance to meet the needs of companies that seek to mix “Data+Design”. However, the Covid-19 pandemic has inevitably created greater burdens on companies […]
Forget Netflix – for your Friday-night viewing turn to Finextra TV as Campbell Pryde, CEO of XBRL US, and Madhu Mathew, Director of Technology at the Sustainability Accounting Standards Board (SASB) join Richard Peers of ResponsibleRisk.
News from Liechtenstein. (Not something we see every day!) Its Financial Market Authority (FMA) has developed its own national XBRL taxonomy, including a DPM-based Table and Formula Linkbase. This will primarily be used by insurance companies, of which Liechtenstein has around 40, for quarterly statutory reporting.
How do you spot financial reporting errors or attempted fraud before they grow into problems? And – when serving a population of over 1.3 billion people – how can you both boost data quality and make the reporting and review process as efficient as possible? For the Institute of Chartered Accountants of India (ICAI), the […]
Five global organisations in sustainability and integrated reporting have together published a paper addressing standards for reporting on enterprise value, illustrated with a prototype climate-related financial disclosure.
On 12 January, Switzerland officially became a supporter of the Task Force on Climate-related Financial Disclosures (TCFD), demonstrating the government’s support for greater disclosure of and transparency around climate-related financial risks.
The European Banking Authority (EBA) has published an erratum for the technical package on its reporting framework 3.0 phase 1.
It’s all systems go once more at the Australian Prudential Regulation Authority (APRA), as it resumes overhauling its core financial data collection system following a nine-month pause. The new platform, APRA Connect, is now set to go live in September 2021.