Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.
The US Financial Accounting Standards Board (FASB) has published another in its series of Taxonomy Implementation Guides relating to the 2022 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy (collectively the ‘GAAP Taxonomy’). It addresses ‘Disclosures about Offsetting Assets and Liabilities,’ providing support to users of these latest XBRL taxonomies in digital filings to the Securities and Exchange Commission (SEC).
Continuing with illustrations of technical aspects, here’s one that’s one layer up.
The US Securities and Exchange Commission (SEC) has this week published two new rules that include XBRL reporting components, both now open for public comment. A proposal on ‘Enhanced Disclosures by Certain Investment Advisers and Investment Companies About ESG Investment Practices’ would require firms to report on environmental, social, and governance (ESG) information relating to their investment strategies in Inline XBRL format.
Yet another level up, now veering into the political.
Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.
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