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Items tagged with "Reporting"

Three new projects as FASB announces results of strategy consultation

The US Financial Accounting Standards Board (FASB) has released its 2021 Agenda Consultation Report.

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SEC announces this year’s regulatory plans

Those with an interest in reporting in the US may like to note that the Securities and Exchange Commission (SEC) has released its annual regulatory agenda, covering rules in both proposed and final stage and including a number of items with digital reporting elements.

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Better ESG reporting processes needed to build quality and meet goals

Workiva’s 2022 Global ESG Survey offers some interesting insights on the challenges and opportunities ahead for environmental, social and governance (ESG) reporting.

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Latest EDGAR update in effect

As of 21 June 2022, the US Securities and Exchange Commission (SEC) has upgraded the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system to Release 22.2.

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Digital reporting innovation to foster transparency in Korea

Speaking at the International Conference of the Korean Accounting Association, Professor Yoon Jae-won of Hongik University’s Business School offered insights on the need for accounting reform and investment in digital reporting.

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FASB changes direction on goodwill

The US Financial Accounting Standards Board (FASB) has unanimously agreed to scrap a four-year project revising how companies account for goodwill, dropping it from FASB’s technical agenda.

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Progress of US Financial Data Transparency Act continues

On 24 May 2022, the Financial Data Transparency Act (FDTA) was introduced in the US Senate. It has undergone a slight name change, having been previously known as the Financial Transparency Act, since passing the House of Representatives in November last year.

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SEC says goodbye to 2020 taxonomies with EDGAR update

The US Securities and Exchange Commission (SEC) has announced that on 21 June 2022 it will upgrade its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system to Release 22.2.

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EBA updates mapping between disclosure standards to boost efficiency

The European Banking Authority (EBA) has published an updated mapping between its two key reporting requirements, aimed at “improving cost-efficiency for banks and enhancing consistency of data between public disclosures and supervisory reporting.”

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Moving on from spreadsheets: the transformation of ESG reporting processes

We found food for thought in a recent survey of US public companies by EY and the Financial Education & Research Foundation on ‘How finance professionals are helping to advance ESG reporting.’

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