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IFRS Foundation releases 2024 taxonomy

March 29, 2024

The IFRS Foundation has published the 2024 IFRS Accounting Taxonomy, facilitating the digital reporting of financial information aligned with IFRS Accounting Standards. This release enables companies to efficiently tag disclosures, enhancing accessibility for investors.

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FRC launches market study on UK sustainability assurance market

March 29, 2024

The Financial Reporting Council (FRC) has launched a survey of the UK market for sustainability assurance services. This initial study aims to ensure the efficient functioning of the rapidly expanding market and to enhance the quality of assurance provided over companies’ sustainability reporting.

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EFRAG, KSSB, and FSC representatives meet to discuss sustainability reporting standards

March 29, 2024

Amid global moves to adopt sustainability reporting standards, EFRAG recently welcomed delegates from the Korea Sustainability Standards Board (KSSB) and the Korean Financial Services Commission (FSC) in Brussels to discuss developments in sustainability reporting.

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Chair Gary Gensler reflects on the case for mandatory disclosure

March 29, 2024

In a recent address at Columbia Law School US Securities and Exchange Commission (SEC) Chair Gary Gensler delivered a defense of mandatory disclosure. Gensler’s remarks paid homage to Jack Coffee’s seminal work and underscored the enduring importance of robust disclosure frameworks in modern financial markets.

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New processing software certified

March 29, 2024

We’re delighted to announce that Accept Development’s validating processor software Accept XBRL Validator has passed the strict tests needed to be certified as XBRL Certified Software.

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ESRS taxonomy webinar engages XBRL members

March 29, 2024

This week XBRL International hosted an informative webinar for members, focusing on the draft ESRS taxonomy consultation. The event drew active participation from members keen to delve into the intricacies of ESRS reporting obligations.

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EBA updates ITS validation rules

March 29, 2024

The European Banking Authority (EBA) has released a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting.

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EFRAG FR TEG announces new composition

March 29, 2024

The EFRAG Financial Reporting Technical Expert Group (EFRAG FR TEG) has finalised its composition for the upcoming term. The group welcomes three new members: Andrea Lionzo, An Lommers, and Peter Ujvari.

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ECB and EBA collaborate to streamline banking data reporting

March 22, 2024

The European Central Bank (ECB) and the European Banking Authority (EBA) have recently teamed up to establish the Joint Bank Reporting Committee (JBRC). This initiative aims to enhance efficiency and reduce costs in the banking industry’s data reporting processes.

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Improving acquisition reporting: IASB’s latest move

March 22, 2024

In a bid to enhance transparency in acquisition reporting, the International Accounting Standards Board (IASB) has proposed new amendments. The Board published an Exposure Draft last week, aiming to provide investors with better insights into companies’ acquisition strategies and post-acquisition performance.

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