Last week the US Securities and Exchange Commission (SEC) released a series of amendments designed to improve EDGAR, its Electronic Data Gathering, Analysis, and Retrieval system. The changes, collectively called EDGAR Next, aim to improve the experience for filers accessing the platform.
In May 2024, the Organisation for Economic Co-operation and Development (OECD) and the Financial Stability Board (FSB) hosted a roundtable on the adoption of AI in finance, bringing together experts from both the public and private sectors. Discussions focused on the opportunities AI presents, as well as the risks it introduces to the financial industry.
During a recent review, the US Securities and Exchange Commission (SEC) staff in the Division of Economic and Risk Analysis found some issues with how companies are tagging provisions for credit losses on their income statements.
On 26 September, we hosted our exclusive member-only webinar, XBRL Directions, focusing on the essentials of managing taxonomy versioning. This 30-minute session was packed with insights on version schemes, planning taxonomy releases, and implementing hot fixes. We also explored how to communicate taxonomy changes effectively to different stakeholders.
The European Commission has taken formal action against 17 EU member states for failing to fully implement the Corporate Sustainability Reporting Directive (CSRD) by the July 2024 deadline. In letters sent to countries including Germany, Spain, and Poland, the Commission opened infringement procedures, signalling its desire to get this initiative implemented.
The International Forum of Accounting Standard Setters (IFASS) held a meeting in London, with a session dedicated to the International Accounting Standards Board’s (IASB) research project on intangible assets.
The Financial Accounting Standards Board (FASB) has published proposed improvements to the 2025 SEC Reporting Taxonomy (SRT), inviting public comment. The proposed changes focus on refining and updating elements in response to evolving industry needs, particularly in the oil and gas sector.
XBRL CH has announced the launch of a public consultation on the new XBRL CH Taxonomy, designed to meet the financial reporting needs of Swiss companies under the Swiss Code of Obligations (OR).
Creating digital reports often requires capturing information that goes beyond pure numbers. With financial and sustainability disclosures increasingly moving into structured digital formats, understanding how to convey narrative data clearly is becoming ever more important.
The US Securities and Exchange Commission (SEC) has released the draft 2025 SEC taxonomies for public review and feedback.
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