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Latest News

Monday, March 8, 2021

IFRS Foundation Announces Plan to Establish Sustainability Standards Board

Trustees of the IFRS Foundation announced plans to continue their work on establishing an international sustainability reporting standards board within the existing governance structure of the IFRS Foundation. The decision was based on the encouragement received in comments concerning the 2020 Consultation, and on IOSCO’s intention to work with the IFRS Foundation to develop a […more]

Thursday, March 4, 2021

SEC Publishes 2021 Examination Priorities with Greater Focus on Climate Risk

The Securities and Exchange Commission (SEC) published their 2021 Examination Priorities which include a greater focus on climate-related risks. The release included a quote from the SEC’s Acting Chair Allison Herren Lee: “This year, the Division is enhancing its focus on climate and ESG-related risks by examining proxy voting policies and practices to ensure voting […more]

SEC Creates Climate and ESG Task Force in Division of Enforcement

The Securities and Exchange Commission (SEC) announced the creation of a Climate and ESG Task Force in the Division of Enforcement. The focus of the task force, which will be led by Kelly Gibson, Acting Deputy Director of Enforcement, will be to proactively identify ESG-related misconduct. The initial focus will be to identify any material […more]

Tuesday, March 2, 2021

SASB Announces Public Review of XBRL Taxonomy

The Sustainability Accounting Standards Board (SASB) announced the start of a 60-day (through April 22) public review of their XBRL Taxonomy. They are soliciting feedback about various technical and usage aspects of the taxonomy. Materials available through the public review include the Draft Taxonomy, Preparer Guide, and Sample XBRL Instance Document, as well as guides […more]


Friday, February 26, 2021

XBRL US Comments on GASB Exposure Draft

XBRL US submitted a comment letter to the Governmental Accounting Standards Board (GASB) in response to their public exposure of Project No. 3-20 (Recognition of Elements of Financial Statements) and Project No. 3-25 (Financial Reporting Model Improvements). Our letter emphasized the importance of considering how state and local government data is used, noting: We believe […more]


SEC EDGAR Filer Manual Cites XBRL US DQC Rules

The Securities and Exchange Commission (SEC) announced the publication of the DRAFT EDGAR Filer Manual (Volume II) with an implementation date of March 22, 2021. The SEC announced a number of changes in EDGAR Release 21.1 including the fact that EDGAR will support XBRL US Data Quality Committee (DQC) rules in the US GAAP Taxonomy […more]

Thursday, February 25, 2021

House Financial Services Subcommittee Holds Hearing on Climate Change and Social Responsibility

House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets hearing on “Climate Change and Social Responsibility: Helping Corporate Boards and Investors Make Decisions for a Sustainable World“, features testimony from: Andy Green, Senior Fellow for Economic Policy, Center for American Progress Heather McTeer Toney, Environmental Justice Liaison, Environmental Defense Fund and Senior Advisor, […more]


Wednesday, February 24, 2021

SEC Announces Public Review of FASB Proposed Implementation Guides

The Securities and Exchange Commission (SEC) announced that the FASB had published two new proposed implementation guides based on the 2021 US GAAP Financial Reporting Taxonomy which is currently under consideration by the SEC. The two proposed guides are available during a public comment period as noted below and will cover: Dimensional Modeling for Disclosures […more]

Monday, February 22, 2021

Five ESG Myths Busted!

In a recent blog post, Mohini Singh,  ACA, Director of Financial Reporting Policy at CFA Institute, points out that “.. demand for sustainability information continues to grow as businesses are increasingly focused on environmental, social and governance (ESG) issues. Investors need it in order to assess how companies are managing these questions and the impact […more]


XBRL US Comments on Treasury Do Not Pay Initiative

XBRL US submitted a letter commenting on the Office of Management and Budget (OMB) – Proposed Designation of Databases for Treasury’s Working System Under the Do Not Pay Initiative. The OMB proposal would add 12 databases to the DoNotPay (DNP) web portal, which federal agencies use to evaluate, track, and monitor the individuals and organizations […more]