Items tagged with "Standards"

EFRAG updates on Non-Financial Standards

Regular readers of this newsletter may remember that recently the European Commission (EC) tasked EFRAG with exploring possible EU non-financial reporting standards that could form part of a revised Non-Financial Reporting Directive (NFRD).

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IFRS Foundation aims for coherence, not complexity

Sustainability Accounting Standards Board (SASB) CEO, Janine Guillot, believes that the IFRS Foundation’s Consultation Paper on Sustainability Reporting is the most significant development in accounting standard-setting since the creation the IASB in 2001. And, with the stakes this high, she argues that it’s crucial to get it right.

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FASB delays Insurance Standards update

Following similar moves from the IASB, the Financial Accounting Standards Board has issued an update designed to help alleviate the burden on companies affected by Covid-19.

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ESG Standards would support Bank Stress Tests

Banks’ ability to carry out climate change related stress tests could be vastly improved by standardisation of corporate ESG risk disclosures, according to a new report published by Fitch Ratings.

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Blockchain and XBRL: The Myth

This is a guest post by Mohini Singh, ACA, Director Financial Reporting Policy at CFA Institute. Originally published here. Currently, many jurisdictions around the world require public companies to produce financial reports using XBRL. The myth that blockchain could replace XBRL in the production of financial information is incorrect. Blockchain is not a data standard. […]

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Wes Bricker: Sustainability Data needs “Investment-Grade Process”

Following the recent announcement that the Sustainability Accounting Standards Board (SASB) is working with PwC to develop an XBRL taxonomy, Wes Bricker, vice chair of PwC US and Mexico and Vice Chair of XBRL International’s Board of Directors, recently spoke about XBRL, standards and sustainability at a PwC event.

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Standards Enable E-Invoicing

Open standards for digital data exchange are key for keeping e-invoicing and e-procurement safe and sustainable, says Annemieke Toersen, senior IT standards advisor at the Netherland’s Standardisation Forum.

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Time for a global solution? 

This week IFRS Foundation Trustee Teresa Ko underlined why she thinks that the IFRS’ history of good governance and transparency makes it an ideal base for a new Sustainability Standards Board.

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A look at the IFRS Taxonomy

Ann Tarca, who has been on the International Accounting Standards Board since 2017, provided some insights into the Foundation’s work and future plans around the IFRS Taxonomy during a recent interview with Toppan Merrill’s Dimensions.

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SASB senses a change in the wind

The Sustainability Accounting Standards Board’s (SASB’s) standards have long helped facilitate the analysis of comparable, consistent, and reliable sustainability data by providing a common language for disclosing sustainability information. Until now, the standards have lacked an accompanying taxonomy.

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