The Service for Accounting, Reporting and Auditing Supervision (SARAS) of Georgia officially kicked off its XBRL implementation journey with a week of in-depth workshops held earlier this month.
Accountancy Europe has thrown its support behind the newly simplified European Sustainability Reporting Standards (ESRS), praising EFRAG’s efforts to streamline the framework. In its response, the federation applauds the shift towards clearer, less granular requirements, describing the draft as a more practical and navigable set of sustainability rules.
The Financial Accounting Standards Board (FASB) Taxonomy team has shared proposed updates to its 2026 Meta Model Relationships Taxonomy, inviting public feedback. The draft, released in late October, outlines refinements made since the 2025 version and is open for comment until 1 December 2025.
The Financial Reporting Council (FRC) has tapped Lancaster University to lead a new deep-dive into how artificial intelligence is transforming corporate reporting. Launched last week, the project will explore how technologies like machine learning, automation and generative AI are being used to compile, analyse, and communicate financial and sustainability disclosures.
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.
Malaysia’s Advisory Committee on Sustainability Reporting (ACSR) recently published illustrative sustainability reports for the plantation and construction sectors.
The Financial Accounting Standards Board (FASB) has released proposed improvements to the 2026 GAAP Financial Reporting Taxonomy (GRT) as part of its ongoing Reference Project. The consultation invites comments until 30 October 2025.
India’s capital markets are confidently working in the digital age. Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are expanding their use of XBRL for company disclosures. It’s a quiet but transformative shift that is strengthening transparency, data quality, information provider and investor access.
On Wednesday the European Parliament unexpectedly rejected its negotiating mandate on the proposed “omnibus” bill aimed at simplifying corporate sustainability and due diligence rules across the EU. More delays, extended discussions seem inevitable. There is a potential for the bill to be reworked in unanticipated ways before a revised vote in November.
On 14 of October the US Securities and Exchange Commission (SEC) upgraded its EDGAR system to Release 25.3, which enables the deployment of the updated Special Purpose Acquisition Company (SPAC) Taxonomy for XBRL‑filings.
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