About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

XBRL Announces Support for SEC’s IFRS Roadmap for US Public Companies

Subscribe to our newsletter

Originally appeared in MiFID Monitor

XBRL International has publicly announced its support for the US Securities and Exchange Commission’s (SEC) proposed roadmap for the introduction of International Financial Reporting Standards (IFRS) for US companies, which was published on 14 November. The roadmap sets forth several milestones with a view to the introduction of IFRS, as issued by the International Accounting Standards Board (IASB), by US issuers in 2014.

The SEC roadmap will move the US into line with international accounting standards, as more than 100 other countries have already adopted the IFRS framework. Anthony Fragnito, CEO of XBRL International, explains: “In today’s borderless business environment the interests of investors would be better served by global frameworks for financial and non-financial reporting. These frameworks include IFRS for financial reporting, as well as complementary frameworks for sustainability, KPIs, governance, risk and compliance, among others.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: GenAI and LLM case studies for Surveillance, Screening and Scanning

As Generative AI (GenAI) and Large Language Models (LLMs) move from pilot to production, compliance, surveillance, and screening functions are seeing tangible results – and new risks. From trade surveillance to adverse media screening to policy and regulatory scanning, GenAI and LLMs promise to tackle complexity and volume at a scale never seen before. But...

BLOG

AI Agents Need Better Data, Not Bigger Models – Daloopa Benchmark

AI-powered fundamental and historical data provider Daloopa has published new benchmark research examining how well leading AI agent systems perform on real-world financial research tasks. Titled Benchmarking AI Agents on Financial Retrieval, the study evaluates whether recent advances in agentic AI translate into reliable outcomes when accuracy matters most. The benchmark focuses on a core...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Fatca – Getting to Grips with the Challenge Ahead

The industry breathed a sigh of relief when the deadline for reporting under the US Foreign Account Tax Compliance Act (Fatca) was pushed back to July 1, 2014. But what’s starting to look like perhaps the most significant regulation of the next 12 months may start to impact our marketplace sooner than we think, especially...