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.
As repeat readers of this newsletter will know, sustainability reporting has long been troubled by a confusing proliferation of competing and complementary standards and frameworks that reduce usability and comparability.
This week the European Securities and Markets Authority (ESMA) published an update to the ESEF Reporting Manual.
The European Commission (EC) continued making headway on non-financial reporting this week with an announcement that the European Financial Reporting Advisory Group (EFRAG) is to develop recommendations for non-financial reporting standards.
With the UK, US, Europe, Japan and many other jurisdictions mandating XBRL-based digital reporting, is it time for Australia’s accountants to push for similar steps there?
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
