The UK Financial Reporting Council (FRC) has introduced Provision 29 in its revised UK Corporate Governance Code, requiring listed companies to make an explicit declaration on the effectiveness of their risk management and internal control frameworks in their 2026 annual reports.
The International Federation of Accountants (IFAC) has revised the International Education Standards (IES) to incorporate sustainability-related competencies into professional accountancy training.
The US Securities and Exchange Commission (SEC) has updated the EDGAR system to support the 2025 XBRL taxonomies, effective since 17 March 2025.
The UK’s Financial Reporting Council (FRC) just launched the public beta of its digital reporting Viewer—great news for anyone who wants easier access to structured company data. This tool lets users view and analyse Inline XBRL reports without specialist software.
Filings to the US Securities and Exchange Commission (SEC) are packed with valuable data, but making meaningful comparisons isn’t always straightforward. With thousands of company-specific extensions in play, even similar disclosures can be tagged differently, creating inconsistencies that make analysis harder.
The US Securities and Exchange Commission (SEC) has announced that filers can begin transitioning to EDGAR Next, the upgraded version of its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system, starting 24 March.
The European Supervisory Authorities (ESAs) have agreed with the amendments made by the European Commission to the Digital Operational Resilience Act (DORA) regulatory technical standards (RTS). This means no further modifications will be made, providing regulatory certainty for financial institutions as they prepare for DORA’s implementation.
The European Commission’s Omnibus simplification proposal, aimed at scaling back and delaying sustainability reporting under the Corporate Sustainability Reporting Directive (CSRD), generated a heated debate on Monday night. The deep divisions revealed make it clear that consensus will be difficult to achieve.
Last week the Sustainability Standards Board of Japan (SSBJ) rolled out its first-ever sustainability disclosure standards. They closely mirror the International Sustainability Standards Board (ISSB) frameworks—IFRS S1 and S2—while adding a few jurisdiction-specific tweaks.
At its latest meeting in London, the IFRS Foundation Monitoring Board reinforced its commitment to strong governance and oversight of global accounting and sustainability disclosure standards. Discussions focused on the work of the IFRS Foundation Trustees in overseeing both the International Accounting Standards Board (IASB) and the International Sustainability Standards Board (ISSB).
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