Here are the most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 What needs to be done on data quality? FRC reviews first mandatory ESEF year The FRC Lab, part of the UK’s Financial Reporting Council (FRC), has released a valuable analysis drawing out…
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Here are the most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Banks set to adopt XBRL for financial reporting The Central Bank of Iran is to announce XBRL (eXtensible Business Reporting Language) standards for financial reporting by banks. According to the CBI governor Ali…
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Here are the most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Swiss Consultation responses published In the wake of the conclusion of the public consultation about the proposed Swiss ordinance on climate reporting, the State Secretariat for International Finance has published all 301…
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Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 ESG practitioners detail top reporting challenges Nearly two thirds of senior decision makers feel their organization is underprepared to meet their environmental, social, and governance (ESG) goals and regulatory reporting mandates,…
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Accountancy Europe on assurance of EU ESG disclosures Accountancy Europe has released an interesting discussion paper on sustainability assurance under the proposed Corporate Sustainability Reporting Directive (CSRD). The CSRD introduces an EU-wide requirement for limited assurance on sustainability information, with the end goal to move to reasonable assurance in the longer term. Assurance is one…
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Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Getting ready for XBRL tax reporting in Hong Kong with draft taxonomy package Hong Kong’s Inland Revenue Department (IRD) has released a preliminary version of its new IRD Taxonomy Package, in…
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Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 SEC accepts 2022 GAAP financial reporting taxonomy … The Financial Accounting Standards Board (FASB) today announced that the U.S. Securities and Exchange Commission (SEC) has accepted the 2022 GAAP Financial Reporting…
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Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Luxembourg moves to online filing with eRISS We note with interest the launch of a new online reporting platform by Luxembourg’s Supervisory Commission for the Financial Sector (Commission de Surveillance du…
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Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Hong Kong prepares for digital tax reporting using inline XBRL The Hong Kong Inland Revenue Department (IRD) looks set to launch Inline XBRL-based digital tax reporting for business within the next…
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Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Revised guidelines for ESEF audit The Committee of European Auditing Oversight Bodies (CEAOB) has published revised guidelines on auditors’ involvement on financial statements in European Single Electronic Format (ESEF). Replacing initial…
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