EC and Inline XBRL
Right at the end of 2018 the European Commission endorsed the technical standards (RTS) requiring Inline XBRL filings for IFRS annual reports for public companies from 2020.
Effective ESG Disclosure Must be in Structured Data
There is an increasing recognition of the importance of corporate environmental, social and governance (ESG) transparency for efficient markets and stable, resilient economies. Here at XBRL International we strongly support efforts to expand ESG disclosure, but call on policy makers and standard setters to note the vital importance of structured data to effective ESG reporting.
OIM and xBRL-JSON Progress
We were pleased to announce at the end of last year that new versions of the Open Information Model (OIM) and xBRL-JSON specifications have been released for public review. The release includes some significant improvements and simplifications to the xBRL-JSON representation, which provides an alternative representation for XBRL data. This is part of a larger XBRL International effort to modernise and simplify the standards and make XBRL data much easier to work with in modern software.
Standardisation Within Enterprises is the Next Step
Standardised, machine-readable definitions have made reporting simpler for regulators of all kinds across the world – however, the power of that same technology for internal monitoring is only just being realised.
Natural Language Analytics
Perhaps the most talked about presentation at Data Amplified came from José Antonio Huizar Moreno, CEO of 2H Software, who demonstrated a deeply impressive natural language query tool building on the potential to access XBRL data through an open API.
