Financial Reporting Lab publishes June 2022 newsletter.

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07 Jul 2022

The Financial Reporting Lab has published its June 2022 newsletter.

The newsletter covers the Lab's focus for the year (ESG disclosures and Digital Reporting), provides an update on recent publications (such as its insight into supply chain disclosures) and provides and update on upcoming an ongoing projects including:

  • An upcoming report on digital security risk which will set out how companies can provide useful disclosures to investors and avoid generic disclosures.
  • An upcoming report on ESG data production which will discuss the processes and systems companies are using to generate and collect ESG data.
  • An upcoming report in Digital Reporting.
  • Progress on its net zero project.
  • Current updates to XBRL taxonomies including tags for the digital reporting of IFRS 17 Insurance Contracts, improved tags and guidance for initial and interim reporting and filleted accounts, alongside a new tag for medium-sized entities

The newsletter also includes a reminder about recent legislation on climate-related financial disclosures effective for financial years commencing on or after 6 April 2022. 

The full newsletter is available on the FRC website here

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