The Financial Supervisory Service (FSS) of South Korea announced on 7 April a comprehensive “soft landing” plan to support small and medium-sized listed companies as they begin submitting XBRL annotated financial disclosures.
On 7 April, the Amman Stock Exchange (ASE) reported a major digital milestone: 94% of listed companies filed their 2024 annual financial statements using XBRL through the ASE’s e-disclosure system. This strong adoption underscores Jordan’s growing commitment to transparency, regulatory compliance, and modernised financial reporting.
Germany’s Federal Financial Supervisory Authority (BaFin) has expanded its use of XBRL, with new digital reporting requirements now in force for insurers and occupational pension funds. As of 1 January 2025, affected entities must submit their reports in XBRL format, aligning with BaFin’s push to standardise and streamline quantitative reporting.
At the XI Encuentro Contable & Tributario on 29 January, Colombia’s Superintendence of Companies (Supersociedades) announced a major shift in financial reporting: STORM is out, and XBRL is in. Soon, all corporate reports – both financial and non-financial – will need to be filed in XBRL format, bringing Colombia in line with international best practices.
Accountancy Europe has launched a CSRD transposition tracker, offering a comprehensive view of how EU Member States are implementing the Corporate Sustainability Reporting Directive (CSRD) into national law.
Germany’s Federal Financial Supervisory Authority (BaFin) is expanding the use of XBRL as the standard for financial reporting by insurance companies and pension funds.
The Capital Markets Authority (CMA) of Kuwait has officially launched its mandatory Ifsah 2 XBRL Disclosure System as of 5 January 2025.
The US Securities and Exchange Commission (SEC) has published its final rule mandating the use of structured data formats, including Inline XBRL and XML, for certain regulatory filings under the Securities Exchange Act of 1934.
In this week’s stop-press news, we’ve just published new draft guidance on designing an effective XBRL data collection and processing platform.
This week the IFRS Foundation released its 2024 progress report on corporate climate reporting that it has made to the Financial Stability Board. The 2024 report showcases significant progress in global climate-related disclosure practices, following the integration of TCFD guidance into the ISSB Standards.
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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.
