XBRL News about taxonomy updates and derivatives

Here is our pick of the 3 most important XBRL news stories from the last week.  1 2021 IFRS XBRL taxonomy issued The IFRS Foundation has issued its 2021 IFRS Taxonomy. The IFRS Taxonomy is a translation of IFRS Standards into XBRL (eXtensible Business Reporting Language). The IFRS Taxonomy 2021 is consistent with IFRSs as […]

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XBRL News: ESEF, sustainability standards and business models

Here is our pick of the 3 most important XBRL news stories this week.  1 ESEF audit The introduction of the new European Single Electronic Format (ESEF) includes a set of requirements around assurance of digital disclosures – but how will “ESEF audit” actually work? The European Commission (EC) has now published a long-expected explanatory note clarifying aspects […]

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XBRL News: Reshaping ESG / sustainability reporting now

Here is our pick of the 3 most important XBRL news stories this week. They’re not narrowly about XBRL, yet – but will be when the development comes to maturity.  1 Sustainability frameworks collaborate for comprehensive reporting Long-time readers of this newsletter will know that one of the major issues holding sustainability reporting back has […]

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XBRL News: IFRS webcast, Muscat and nowcasting

Here is our pick of the 3 most important XBRL news stories this slow summertime week. 1 New webcast on IFRS 2020 taxonomy published  In this webcast, Ann Tarca, a member of the International Accounting Standards Board (Board), and Vivek Baid, a member of the technical staff, provide a short introduction to the IFRS Taxonomy […]

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XBRL: reporting costs for EU banks, iXBRL in US markets, IFRS taxonomy

Here is our pick of the 3 most important XBRL news stories this week. 1 EBA is looking into ways to reduce reporting costs As part of its drive for more proportionate regulatory and supervisory framework, the European Banking Authority (EBA) is looking for ways to optimise supervisory reporting requirements and reduce reporting costs for […]

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