AICPA Findings Reveal 45% Drop in XBRL Costs for Small Companies
As reported in July, it was great news to hear that the cost of XBRL formatting for small US reporting companies have declined 45% since 2014.
The AICPA study surveyed price data from 1,032 small reporting companies for 2017 services, showing that 68.6% of companies paid $5,500 or less annually for fully outsourcing their XBRL filings.
Welcome to New Members of the Board of Directors
We are delighted to welcome three new members to the XBRL Board: Dato’ Zahrah Abd Wahab Fenner, Mr Philip Fitz-Gerald and Ms Olga Goncharova. We are also very pleased to announce that both Mr Michal Piechocki and HE Mohammed Al Hadari have had their terms extended by the XBRL International Member Assembly.
Quality, Depth and Managing Burden
Wise words from the Chair of the Supervisory Board of the European Central Bank, Mme. Danièle Nouy, who closed out last week’s ECB Statistics conference with a number of important points. First, the entire process of financial supervision is grounded in high quality information that comes from regulated firms. She said, in part: “We rely […]
US SEC Votes to Mandate Inline XBRL
Regulator moves to require use of the Inline XBRL standard for all public companies and investment funds listed on US markets. Move will enhance flow of decision-useful information to investors of all kinds, will lower costs and simplify external reporting over time.
Collaborate to Connect: Ideas to Enhance Reporting in Asia
Some ideas to make Asia a Fintech/Regtech/Suptech powerhouse, following the recent XBRL Asia Round Table meeting in Japan.
