The Taskforce on Nature-related Financial Disclosures (TNFD) and the European Financial Reporting Advisory Group (EFRAG) recently released a correspondence mapping of the European Sustainability Reporting Standards (ESRS) and TNFD’s recommended disclosures.
The 29th Eurofiling Conference, hosted by the Central Bank of Ireland in Dublin on 6 and 7 of June, provided a wealth of insights into the future of financial, sustainability, and regulatory reporting. Key presentations underscored the evolving landscape of data management and the critical role of trust, technology, and collaboration in this domain.
We are pleased to announce that the new Country Code and Currency Code taxonomies have been promoted to Recommendation status. These taxonomies provide lists of ISO codes for countries and currencies, simplifying the incorporation of standard codes in XBRL reports, as mandated in various regulatory filings.
On 14 June the European Financial Reporting Advisory Group (EFRAG) and the International Accounting Standards Board (IASB) released videos of two recent educational sessions on the new IFRS 18 Presentation and Disclosure in Financial Statements. These sessions detailed the main requirements of IFRS 18 and addressed practical challenges participants may face.
The Global Reporting Initiative (GRI) recently launched a public consultation for its new GRI Sustainability Taxonomy draft, open until 11 August. To delve deeper into this initiative, XBRL International recently spoke to Piers Horner, who led the development of the taxonomy:
Earlier this month the European Banking Authority (EBA) issued a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting.
In the newest article in a recent swathe of research into XBRL and AI, UBPartner (long time XBRL software vendor and member) has explored the potential for natural language processing (NLP) to automate the identification and tagging of key information in annual reports.
The New Zealand External Reporting Board has just launched its digitised reporting and assurance standards platform – the XRB Standards Navigator. This tool offers online access to current accounting, assurance, and climate standards in NZ, making it easier for users to navigate, search, and share these documents.
On 6 June, the US Securities and Exchange Commission (SEC) celebrated its 90th anniversary, commemorating nine decades of investor protection and market oversight.
In May this year the International Accounting Standards Board (IASB) issued IFRS 19 Subsidiaries without Public Accountability: Disclosures. The European Financial Reporting Advisory Group (EFRAG) Secretariat has now followed in the footsteps of the SEC and released two updated briefings to provide clarity on the application of IFRS 19 within the EU.
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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.
