The XBRL Standards Board has approved the publication of an initial Public Working Draft of version 6 of the Inline XBRL Transformation Rules Registry.
The Center for Audit Quality (CAQ) recently unveiled a promising trend in financial reporting: the number of financial restatements filed with the SEC has decreased by more than 50% over the last decade. The comprehensive study, covering 2013 to 2022, highlights a significant improvement in financial reporting quality.
Earlier this month the Financial Accounting Standards Board (FASB) issued the final chapter of its Conceptual Framework. This new chapter focuses on the measurement of items in financial statements, enhancing the toolset available to the FASB for setting standards.
Earlier this week the European Banking Authority (EBA) launched a consultation on draft guidelines for reporting requirements under the Markets in Crypto-assets Regulation (MiCAR).
The evolving landscape of climate-related regulations poses significant challenges and costs for companies. This was the focus of a recent discussion led by Marc Siegel, PwC Partner, during a virtual panel hosted by CFO Dive.
At the XBRL Asia Round Table (XART) meeting in Kumamoto in Japan this week, attendees heard from multiple projects across the region that are focussed on XBRL-enabled analytics for compliance monitoring and broad dissemination of performance reports.
Yesterday the European Securities Markets Authority (ESMA) published the 2024 edition of its ESEF reporting manual. The changes are relatively minor (not unexpected this year) but include guidance on anchoring and on dealing with empty or “dash” facts.
This Tuesday the European Banking Authority (EBA) released a comprehensive technical package for version 3.5 of its reporting framework. This package includes essential specifications such as validation rules, the Data Point Model (DPM), and XBRL taxonomies, addressing various reporting requirements.
Earlier this month the UK’s Financial Reporting Council (FRC) announced a significant restructure, establishing two new functions: Market Intelligence and Insights, and Digital Reporting and Taxonomies.
Earlier this month the European Securities and Markets Authority (ESMA) published a Final Report on the Guidelines on Enforcement of Sustainability Information (GLESI) and a Public Statement on the initial application of the European Sustainability Reporting Standards (ESRS).
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