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Listed here are the three most related developments on the planet of structured reporting we turned conscious of in the middle of final week.
1 ESAP newest: EU drives in direction of transparency
2 Reporting on digitisation and rationalisation of reporting at India’s central financial institution
The Reserve Financial institution of India (RBI) has revealed the ultimate report of its Laws Assessment Authority (RRA) 2.0, established in 2021 to streamline reporting necessities and scale back regulatory burdens. It has made quite a few suggestions on the consolidation of current kinds and the elimination of paper-based reporting. Additionally they recommend a periodic assessment course of.
Attention-grabbing to see how the central financial institution of the world’s largest nation by inhabitants is utilizing XBRL.
3 Three new tasks as FASB declares outcomes of technique session
The US Monetary Accounting Requirements Board (FASB) has launched its 2021 Agenda Session Report. It has added three new tasks to its technical agenda, on Accounting for and Disclosure of Digital Belongings, Accounting for Environmental Credit score Applications, and Accounting for and Disclosure of Software program Prices.
The digital property challenge is of explicit curiosity as a result of the IASB has explicitly determined in opposition to together with that in its work plan. A chance for the FASB to get a conceptual headstart?
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Christian Dreyer CFA is well-known in Swiss Fintech circles as an professional in XBRL and monetary reporting for traders.
We now have a self-imposed constraint of three information tales every week as a result of we serve busy senior leaders in Fintech who want simply sufficient data to get on with their job.
For context on XBRL please learn this introduction to our XBRL Week in 2016 and browse articles tagged XBRL in our archives.
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