Speaking at the International Conference of the Korean Accounting Association, Professor Yoon Jae-won of Hongik University’s Business School offered insights on the need for accounting reform and investment in digital reporting.
The US Financial Accounting Standards Board (FASB) has unanimously agreed to scrap a four-year project revising how companies account for goodwill, dropping it from FASB’s technical agenda.
On 24 May 2022, the Financial Data Transparency Act (FDTA) was introduced in the US Senate. It has undergone a slight name change, having been previously known as the Financial Transparency Act, since passing the House of Representatives in November last year.
The US Securities and Exchange Commission (SEC) has announced that on 21 June 2022 it will upgrade its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system to Release 22.2.
The European Banking Authority (EBA) has published an updated mapping between its two key reporting requirements, aimed at “improving cost-efficiency for banks and enhancing consistency of data between public disclosures and supervisory reporting.”
We found food for thought in a recent survey of US public companies by EY and the Financial Education & Research Foundation on ‘How finance professionals are helping to advance ESG reporting.’
We hear that public company filers to the UK Financial Conduct Authority (FCA) will continue to be able to use both European Single Electronic Format (ESEF) and UK Single Electronic Format (UKSEF) taxonomies.
Recent remarks to the International Swaps and Derivatives Association (ISDA) by Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), provide an interesting overview of recent and forthcoming regulation in the securities-based swap market.
The European Banking Authority (EBA) has launched a consultation on proposed rules on the information provided by sellers of non-performing loans (NPL) to prospective buyers.
The Japanese government has announced plans to scrap quarterly securities reporting, in an attempt to lighten burdens on companies.
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