Translations like these help promote IFRS adoption, which continues to grow around the world. It also means that one of the basic capabilities of XBRL is enabled in one of the world’s most important taxonomies.
In a speech setting out priorities for his second term, IASB Chair Hans Hoogervorst outlined plans to prioritise improvements to the communications of financial statements. Of particular interest to the XBRL community will be the continuation of the Disclosure Initiative, along with a focus on digital reporting and non-financial reporting. You can read Hoogervorst’s speech here.
The latest version of the IASB’s Due Process Handbook includes some important changes regarding procedures for the development and maintenance of the IFRS Taxonomy. These are significant governance developments and reflect the growing importance of structured data disclosure in financial reporting worldwide. The Board itself will now have the responsibility to review and approve core IFRS […]
Read about an update on how the IFRS Taxonomy is being used for securities regulation and where digital reporting the UK might be headed.
This week the International Organization of Securities Commissions (IOSCO) and the IFRS Foundation announced a programme to promote and facilitate transparency within capital markets through the development and consistent application of IFRS Standards. The two organisations will work closely in the areas of identifying business reporting issues, encouraging the input by capital market authorities into the […]
The IASB has published the latest version of its “Pocket Guide”, which is a comprehensive look at IFRS adoption around the world. It’s over 100 pages, so whether you will want to print it and carry it around in your pocket is of some debate, but it is without doubt a highly detailed and useful […]
Our take on “alternative performance measures” (also known as non-GAAP)? Use them judiciously and not to mislead. XBRL can help.
The Central Bank of the Russian Federation has published its roadmap of strategies for developing more robust financial markets in that country. The document covers everything from improving the financial literacy of the general public, to improving access to capital, promoting transparency and participation in efforts to stabilise global markets.
The latest version of the IFRS Taxonomy has been released. The IFRS Taxonomy Team is holding a webinar session on Wednesday 13 April to answer any questions.
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