Some Next Generation XBRL thoughts
At Data Amplified 2026 this week we kicked off proceedings with several presentations on Next Generation XBRL, for now known as “Project Tavi”.
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Data Amplified 2026: AI, trust and the next 25 years
Thank you to everyone who came to The Hague for Data Amplified 2026.
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EFRAG reports on its Voluntary Standard event
EFRAG has published a summary report of the event it held with the European Commission in Brussels on 9 October on the new Voluntary Standard (VS) for sustainability reporting. More than 1,500 people registered.
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ISSB proposes nature-related disclosures
The International Sustainability Standards Board (ISSB) has put its proposals for nature-related disclosures out for consultation. Published on 22 October as an Exposure Draft of a Practice Statement, they are open for comment until 19 February 2027.
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Investors ask the ISSB to go further on nature
The International Sustainability Standards Board’s (ISSB) nature proposals had barely landed when 15 financial institutions asked it to go further. Their joint statement, coordinated by the Finance for Biodiversity Foundation and handed to ISSB Vice-Chair Sue Lloyd at the Biodiversity COP17, calls for a dedicated Standard.
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FCA pairs simpler reporting with better data
Sarah Pritchard, Deputy Chief Executive of the UK’s Financial Conduct Authority (FCA), told the Investment Association’s Annual Dinner on 20 October that rule-making for the asset management sector is now just past its peak, promising firms they would eventually feel the difference.
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Finland’s near-universal Inline XBRL mandate passes Parliament
Finland’s plan to have almost every limited company file its accounts in iXBRL has now passed in the Parliament of Finland and now just awaits final assent and publication. Bill HE 96/2026 passed with amendments on 13 October.
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ESMA turns its ESEF spotlight on the statement of changes in equity
The European Securities and Markets Authority (ESMA) has set out its European Common Enforcement Priorities (ECEP) for 2026 annual financial reports. We note that the European Single Electronic Format (ESEF) section concentrates on the statement of changes in equity (SOCE).
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FSB finalises sound practices for responsible AI adoption
The Financial Stability Board (FSB) has published the final version of its sound practices for financial institutions adopting artificial intelligence.
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FASB staff open 2027 reference and DQC rules proposals for comment
Staff at the US Financial Accounting Standards Board (FASB) have released two more proposals for the 2027 taxonomy cycle: improvements under the US Generally Accepted Accounting Principles (GAAP) Financial Reporting Taxonomy Reference Project, and a proposed 2027 Data Quality Committee (DQC) Rules Taxonomy.
