IASB completes updates to IFRS 19
The International Accounting Standards Board (IASB) has finalised amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures.
Items tagged with "Standardisation"
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FSB urges wider use of the LEI but hurdles remain
The Financial Stability Board (FSB) has released an updated progress report on the implementation of the Legal Entity Identifier (LEI) which was introduced in 2012 to standardise identification of counterparties in financial transactions globally.
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FDTA fine-tuning? XBRL US calls for a data quality upgrade
In a recent response to the proposed Financial Data Transparency Act (FDTA) rule, XBRL US has called for enhancements to improve standardisation and reduce regulatory costs.
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SEBI Chair Madhabi Puri Buch champions standardisation to drive fintech innovation
In a great speech at the Global Fintech Fest, Chair Madhabi Puri Buch of the Securities and Exchange Board of India (SEBI) highlighted the transformative impact of standardisation (and XBRL) in the financial sector. She advocated for these measures as critical tools to lower overall costs and reduce the barriers to innovation for fintech companies.
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APRA publishes disclosure standard
The Australian Prudential Regulation Authority (APRA) has released its final Prudential Standard APS 330 Public Disclosure for locally incorporated authorised deposit-taking institutions (ADIs). The new standard follows a public consultation, and will be effective from 1 January 2023.
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More efficient property data
A recent interview with the Dutch Bank ING’s real estate team outlined how standardisation and data harmonisation is working to reduce risk and increase efficiencies in the real estate sector.
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Alignment progressing as CDP adopts ISSB Standard
During a busy week at COP27 the International Sustainability Standards Board (ISSB) and CDP (formerly the Carbon Disclosure Project) announced that CDP will incorporate the ISSB’s Climate-related Disclosures Standard (IFRS S2) into its global environmental disclosure questionnaires.
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Exploring XBRL for bond access by US small businesses
As we recently reported, the US Small Business Administration (SBA) has introduced a modernised process allowing small businesses to use xBRL-CSV to submit Work-in-Process (WIP) information used in the SBA Surety Bond Guarantee (SBG) Program, replacing time-consuming manual data entry.
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Level playing field needed? Diverse approaches hamper consistent reporting and audit across Europe
Just what is a public interest entity, or PIE? In fact, the answer can vary depending on where you are: a useful new paper from Accountancy Europe summarises the significant variation in how European nations define PIEs.
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FSB calls for convergence in cyber-incident reporting
We were interested to note a recent report from the Financial Stability Board (FSB) examining current approaches to cyber-incident reporting and suggesting next steps for broader convergence.
