How do I set up the right technical infrastructure for digital reporting?
Our series exploring XBRL International’s new Regulatory Playbook continues this week, as we consider the technical side of planning and implementing an XBRL framework. If you’re new to digital reporting it can be tricky to know where to start, so the Playbook aims to take you through key considerations step-by-step.
Step one? The Playbook sets out the strategic decisions you need to make early, such as whether to develop your platform in-house or externally, what software components you need, and how to make sure your data is ready for consumption. Drawing on international experience, it discusses some of the challenges to look out for. And once you’re ready to start implementation, it provides detailed technical insights.
