This week the US Securities and Exchange Commission (SEC) has accepted the 2023 GAAP Financial Reporting Taxonomy (GRT) and the 2023 SEC Reporting Taxonomy (SRT) (collectively referred to as the “GAAP Taxonomy”).
This week the US Securities and Exchange Commission (SEC) upgraded the EDGAR System to Release 23.1, which means that it now supports the various 2023 taxonomies.
A recent survey from Workiva and PwC found that two out of five US business leaders believe their company is not prepared for the climate risk disclosure rule set to be published by the US Securities and Exchange Commission (SEC) in May.
The Public Finance Network, representing US state and local governments, government entities, and issuers of municipal securities, has requested that its members be involved and provide input in the implementation of the Financial Data Transparency Act (FDTA).
On the 30th anniversary of EDGAR’s implementation, in a statement on the US Securities and Exchange Commission (SEC) rule to extend the daily filing deadline to 10pm, SEC commissioner Mark T. Uyeda encouraged further EDGAR reform including a wider expansion of filing deadlines.
Following last month’s announcement that the US Financial Accounting Foundation (FAF) will upgrade existing free access to the online version of its standards, FAF has now implemented the change.
An article on Route Fifty this week looks at the new mandate for state and local governments in the US to prepare standardised, searchable financial statements.
The Project on Government Oversight (POGO) has addressed the importance of machine-readable disclosures as part of its series of 13 recommendations to increase US government accountability.
The US Financial Accounting Foundation (FAF) recently announced that the free viewer for the online version of its standards will be getting an upgrade to improve access for stakeholders.
While the general direction of most major jurisdictions is towards improving, increasing, and mandating sustainability reporting, not everyone agrees that more needs to be done to support environmental, social and governance (ESG) disclosure.
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