Financial Transparency Act Reintroduced in the US
New RegTech legislation would oblige US regulators to use common standards, common definitions and common identifiers. Information would be made available as part of government Open Data efforts.
FSB proposes governance arrangements for the UTI
Not enough acronyms in your life? We didn’t think so. New identifier will help provide a new kind of financial transaction audit trail, reducing risk and enhancing transparency.
XBRL on the way for South Africa
Business Regulator aims to improve efficiency, effectiveness and quality of financial reporting, and pave the way for other regulators in South Africa to adopt XBRL.
US looks to integrate and fully digitise corporate reporting
As expected, on Wednesday the US SEC met and approved a Proposed Rule to switch US listed company filings to Inline XBRL. We look at some of the implications.
IFRS Taxonomy adopted by SEC for International Filers
On 28 February the SEC announced that it will now accept financial statement filings from international companies listed in the US in XBRL or iXBRL format using the IFRS taxonomy. From December it will be obligatory.
