This also includes human capital data disclosure by companies including gender pay and pay ratio data including composition of boards of directors
What are some of the tech skills accountants of the future will need? Data creation, data governance, data analytics and Big Data according to the Accounting Today article
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
IMA is one of the original founders of the XBRL global data standard ( Ms. Liv Watson , IMA member and Mother of XBRL) for structured data used by the accounting profession for public disclosure, business and financial reporting so data can be in a machine-readable format. Because XBRL tagged data is structured – data tagged in XBRL is perfect for extreme data analytics allowing currency and language linked to XBRL to be immediately converted and analyzed
A recent memo from PwC warns its clients on the “safe zone” of ESG reports and communications is quickly disappearing as investors get more aligned in the type of info they’re looking for – and continue to integrate ESG criteria into decision-making by investment officers & PMs, rather than just the stewardship team