XBRL International’s own Revathy Ramanan dives into the potential of GPT-4 for analysing narrative disclosures in XBRL data this week. As machine learning and generative AI continue to advance, they present new opportunities for understanding complex business performance data.
This week the European Supervisory Authorities (ESAs) published their final reports to close an investigation into greenwashing. With concern about greenwashing growing in tandem with rising interest in sustainable investments, it’s unsurprising that the results emphasise that supervision of ESG claims needs to be strengthened.
Last week EFRAG published the final versions of its first three ESRS Implementation Guidance (IG) documents: EFRAG IG 1 Materiality Assessment, EFRAG IG 2 Value Chain, and EFRAG IG 3 ESRS Datapoints.
Last week EFRAG released 44 new technical explanations and a compilation of 68 explanations to assist stakeholders with implementing the European Sustainability Reporting Standards (ESRS). These explanations, available via the EFRAG ESRS Q&A Platform, address various stakeholder questions and offer practical support for the ESRS framework.
Congratulations to the organisers, speakers, and attendees for making the 29th Eurofiling Conference a success! Kindly hosted by the Central Bank of Ireland in Dublin these last two days, this year’s conference focused on the future frontiers of financial, sustainability, and regulatory reporting with the integration of human and artificial intelligence.
Ashley Alder, Chair of the Financial Conduct Authority (FCA), recently delivered a speech at the Bloomberg Buy-side Forum detailing the FCA’s plans to revise UK asset management regulation. This initiative aims to adapt EU regulations to suit the UK market.
XBRL Europe is on the lookout for a dedicated and experienced Chief Executive Officer (CEO) to steer the organisation forward. This part-time position, requiring approximately 100 days of commitment annually, offers the flexibility to work from any location within Europe, with some travel expected.
At the end of May, the European Supervisory Authorities – EBA, EIOPA, and ESMA – published templates, technical documents, and tools for a voluntary dry-run exercise to support the Digital Operational Resilience Act (DORA).
Earlier this month the Digital Signatures – or D6 – working group released the Digital Signatures in XBRL 1.0 specification as a Candidate Recommendation, an important step towards improved security in financial reporting.
On 15 May Andreas Barckow, Chair of the International Accounting Standards Board (IASB), delivered a keynote address at the European Accounting Association (EAA) Annual Congress, emphasising the emerging importance of “connectivity” in financial reporting.
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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.
