XBRL News from Switzerland, EU and the US

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

2  EFRAG releases batch of draft sustainability reporting standards

The European Financial Reporting Advisory Group (EFRAG) continues to steam ahead in the development of sustainability disclosure standards. Its Project Task Force on European sustainability reporting standards (PTF-ESRS) has recently published a batch of several working papers containing draft standards relating to various aspects of sustainability reporting. 

Both ISSB and EFRAG are steaming ahead in their race to develop hopefully complementary and interoperable sustainability reporting standards for the world.

3 XBRL US DQC offers guidance on warnings in SEC test filings

The XBRL US Data Quality Committee (DQC) has released new guidance on how to avoid and respond to warnings when submitting digital test filings to the US Securities and Exchange Commission (SEC).

New media require adjusted behaviour – case in point.

 

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Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.

 We have a self-imposed constraint of 3 news stories each week because we serve busy senior leaders in Fintech who need just enough information to get on with their job.

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