In a recent comment letter to the US Securities and Exchange Commission (SEC), XBRL US advocated for the adoption of the Inline XBRL format for Rule 17g-3, on annual financial and other reports by nationally recognised statistical rating organisations (NRSROs).
The International Sustainability Standards Board (ISSB) published the IFRS Sustainability Disclosure Taxonomy (ISSB Taxonomy) this week, providing the pathway for sustainability reporting to be taken up a notch in terms of clarity, efficiency, and utility.
With the second IFRS digital taxonomy planned for publication on 30 April, this week the IFRS Foundation unveiled a short video designed to demystify the concept of IFRS digital taxonomies and illustrate how they empower companies to present information in compliance with IFRS Standards in a structured, machine-readable format.
In the ever-evolving landscape of financial reporting, the transition to digital has been a crucial shift to streamline processes, enhance; comparability and improve analysis, benefiting investors and stakeholders alike.
At an Outreach event on the EFRAG Sustainability Reporting Standards (ESRS) taxonomy held on Wednesday, key EFRAG personnel provided a range of details about the ESRS taxonomy that is currently out for consultation.