The International Accounting Standards Board’s (IASB) move to update the IFRS Accounting Taxonomy follows the April 2024 release of IFRS 18, which sets a new standard for presenting and disclosing financial data.
The IFRS Foundation has released a new guide aimed at helping regulators integrate the IFRS digital taxonomies into their digital filing systems. The guide supports regulators in meeting the growing need for structured, machine-readable financial and sustainability data, offering greater transparency and comparability across borders.
Earlier this summer XBRL US submitted comments to The Securities and Exchange Commission (SEC) on the recently released draft Cybersecurity Disclosure (CYD) taxonomy.
Last week Australia passed legislation that mandates climate-related financial disclosures for large entities.
California’s Climate Corporate Data Accountability Act (SB 253) is set to enhance climate-related financial reporting, and a recent roadmap from Carbon Accountable confirms that its 2026 implementation timeline is feasible.
Mardi is the Chief of Strategic Affairs & Capacity Building at the IFRS Foundation and an XBRL International Board Member. She has been recognised as the “Sustainability Thought Leader of the Year” in the Environmental Finance awards.
The Financial Accounting Standards Board (FASB) recently issued proposed technical and other conforming improvements for the 2025 SEC Reporting Taxonomy (SRT). This release, published for public comment, invites feedback on adjustments aimed at refining the taxonomy’s usability. The comment period closes on 5 November, offering stakeholders the chance to provide their input.
Last week the European Financial Reporting Advisory Group (EFRAG) published the XBRL taxonomy to accompany the first set of European Sustainability Reporting Standards (ESRS Set 1), supporting the digital tagging of sustainability statements.
Last month, the Financial Reporting Council (FRC) released a discussion paper aimed at gathering stakeholder insights on key developments that could shape the future of digital reporting in the UK.
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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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.
