Great article from the European Securities Market Authority on what EU public companies must do using the new Inline XBRL Global Data Standard for Better Transparency & Accountability by putting financial and non-financial financial statement info in a machine-readable format. The USA...
Meanwhile, proactive companies are disclosing this information and linking it to their business case with metrics to measure
v=Hx4dvrIunpw Given the rising demand for sustainability performance data to support internal and external decision making in creating, growing and reporting value, the paper asserts that confidence in this type of information is strengthened by the application of the COSO ICIF, a robust and globally recognized framework designed to apply to both financial and non-financial information
With the recent news that the European Securities and Markets Authority (ESMA) has published a feedback statement setting out the use of Inline XBRL as the digital format which public companies in the European Union (EU) must use to report their company information to investors worldwide from January 1, 2020
“We may not need audits if we can access automatically validated information,” Baron said
“Not by reducing regulation necessarily, but recognizing that multiple agencies deal with individual businesses and they all require information from those businesses, and the definitions that they all use are different