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 China signals importance and likely future adoption of ISSB standards Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC) addressed the draft sustainability reporting standards issued by the International Sustainability Standards…
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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 Software vendors needed as Israel adopts inline XBRL As the Israel Securities Authority (ISA) transitions to Inline XBRL (also known as iXBRL) for financial reporting, it is now seeking software companies interested 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 ISSB delivers proposals that create comprehensive global baseline of sustainability disclosures The proposals―exposure drafts—build upon the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and incorporate industry-based disclosure requirements…
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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 Federal Council initiates consultation on ordinance on climate reporting At its meeting on 30 March 2022, the Federal Council initiated the consultation on the implementing ordinance on climate reporting for large…
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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 – today exclusively from our friends at XBRL International. 1 New units available for consistent climate and energy reporting The XBRL Standards Board has approved the publication of an update to the…
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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 Regtech: what it is and why it matters Over the last two decades, financial institutions have been subject to an array of new regulatory requirements, requiring firms to measure financial risk…
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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 Digital finance: Federal Council sets out areas of action for coming years The Federal Council sees great potential for Switzerland as a business location in the digitalisation of the financial market.…
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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 IDW standard adopted for ESEF examination Just in time for the start of the second ESEF audit season 2021/2022, the HFA adopted the final IDW examination standard: Examination of electronic reproductions…
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