XBRL News from the US SEC and XBRL
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 …
2 SEC proposes climate-related disclosure requirements
The proposal would require “registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that are reasonably likely to have a material impact on their business, results of operations, or financial condition, and certain climate-related financial statement metrics in a note to their audited financial statements.”
Even the US is coming round …
3 1300 ESEF filings and counting
Have you visited filings.xbrl.org recently? This week our collection of European Single Electronic Format (ESEF) filings tipped over into four figures and beyond, with the total standing at 1,365 as of 17 March. Based on Inline XBRL, ESEF is the digital reporting format being used to make financial data across Europe consistent, comparable and straightforward to analyse using software.
Time for the European Single Access Point to become reality – please?!
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Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.
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