Urging XBRL across the board in comments to SEC
It has been a busy week in responses to the Securities and Exchange Commission (SEC) for XBRL US.
Items tagged with "Reporting"
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Insights on the reporting revolution
The accounting revolution will be digitised, says Amir Ghandar in an enjoyable thinkpiece on the International Federation of Accountants (IFAC) website.
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How understanding XBRL tips the ESEF balance
“Good knowledge and understanding of XBRL can turn your mandatory ESEF submission into an opportunity to transform the way your data is presented, and avoid common errors,” says Pierre Pottier of Invoke in a recent opinion piece – and we heartily agree!
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Data is a burning issue for ESG disclosure, says survey
“While the market continues to demand transparency, more than half of senior executives (57% of survey respondents) indicated that data availability (access) and data quality (accuracy/completeness) remain their greatest challenges with respect to environmental, social, and governance (ESG) data for disclosure,” says Deloitte.
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XBRL US Comments on modernisation of share repurchase disclosures
XBRL US has submitted a comment letter in response to a proposal by the Securities and Exchange Commission (SEC) on Share Repurchase Disclosure Modernization.
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Richer data for deeper insights: APRA proposes data collection roadmap
The Australian Prudential Regulation Authority (APRA) has released a discussion paper for consultation, setting out a five-year roadmap for transforming its approach to collecting financial industry data.
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China directs companies to improve financial reporting
We note with interest recent reports that listed companies in China are being asked to improve the effectiveness of their internal controls in financial reporting, and the quality of the information they produce.
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OECD seeks input on new tax transparency framework for crypto-assets
The Organisation for Economic Co-operation and Development (OECD) has released a public consultation document on its proposals to modernise the transparency instruments available to tax administrations, given the ways technology is changing investment and payment practices.
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ESMA Chair discusses ESAP
“The objective of the new ESAP legislative project is to create a common source of public and freely available financial and sustainability-related information of EU companies and investment products, regardless of where in the EU they are located or originated while enabling a better use and reuse of this information,” says European Securities and Markets Authority […]
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SEC top accountant discusses materiality in reporting errors
Paul Munter, Acting Chief Accountant at the US Securities and Exchange Commission (SEC), has published commentary on restatements and when errors should be considered material.
