The UK’s Financial Reporting Council (FRC) has announced a major overhaul of its audit supervisory model, effective April 2026. The revised framework places firms’ Systems of Quality Management (SoQM) at the heart of supervision, moving away from a more uniform approach towards one that is risk-based, designed to suit the current audit landscape.
On 10 March, HM Revenue & Customs (HMRC) launched a public consultation on changes to company tax returns, with more XBRL data tagging at its heart.
The Financial Reporting Council (FRC) has set out the direction of travel for the next phase of the UK’s digital reporting infrastructure, publishing a feedback statement on proposed technical changes to the UK and Irish Digital Reporting Taxonomy Suite.
The UK Government has confirmed it will not proceed with the long-anticipated Audit Reform and Corporate Governance Bill, drawing a line under nearly a decade of debate on the future of audit oversight and corporate accountability.
What should sustainability reporting look like in a post-TCFD world? And how can UK markets stay aligned as global standards rapidly converge?
Across 2025, a steady stream of implementation stories showed XBRL gaining ground as regulators and governments push for more reliable, machine-readable reporting. From Europe to South Asia, the year’s updates point to a clear direction of travel: digital-by-default filing, stronger validation, and wider coverage across sectors.
The Financial Reporting Council (FRC) has released the 2026 UK Taxonomy Suite, marking the latest update in digital reporting infrastructure for the UK and Ireland.
The UK’s Financial Reporting Council (FRC) has released a thematic review offering practical insights for smaller listed companies seeking to strengthen their corporate reporting.
This week the UK’s Financial Reporting Council (FRC) launched a discussion paper outlining proposed technical changes to the UK XBRL Taxonomy Suite. The paper invites input from across the digital reporting ecosystem as the FRC looks to modernise its taxonomy architecture.
This UK’s National Audit Office (NAO), in collaboration with the Institute of Chartered Accountants in England and Wales (ICAEW), recently published new guidance on how governments can harness financial reporting data for more effective decision making.
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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.
