“It’s mandated in just over 100 of those, and there are tens of millions of companies that file in XBRL around the world. (Many of these companies are private companies that involve the preparation of management accountants outside the USA) John Turner sees the biggest uptake of XBRL globally among financial regulators in the banking, insurance and pension industries, particularly in Asia and Europe
One “constant refrain” heard from investors is that “if a company is not talking about its sustainability strategy and performance, they may conclude the company does not have a story to tell or, even worse, it’s hiding something.” Ceres offers a set of nine recommendations “to guide companies toward more meaningful and effective investor engagement on ESG issues.”
The question is – will the largest capital markets regulator in the world – the United States Securities and Exchange Commission support the disclosure of sustainability data by public companies and create guidance and suggestions of frameworks that can be used to assist US Investors
Assurance Services on Data Elements Reported by Accountants: Question: Can the accounting profession make the move into digital assurance services verifying that data linked to accounting rules like US GAAP and IFRS which companies have submitted to their regulator?