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Embed standardised reporting for maximum advantage suggests CFA Institute

November 17, 2017

Thinking about the way that using standardised structured data inside the enterprise can benefit management as well as investors and auditors is the subject of a new guest post from Mohini Singh.

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Highlights of IASB Chair’s Speech at the International Accounting Seminar in Brazil

November 17, 2017

IASB Chairman outlines plans for the IFRS “Better Communications” initiative in Brazil. Making digital consumption of financial information easier via the IFRS XBRL taxonomy is one part of this effort.

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Regulators in China & Australia Will Swap Information on Local Fintech & Regtech Advances

November 17, 2017

Australian and Chinese securities regulators ink agreement to exchange information about Fintech and Regtech developments.

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EBA updates Supervisory Reporting XBRL Taxonomy 2.7

November 17, 2017

The European Banking Authority (EBA) has published an update to the XBRL taxonomy used by banks and national regulators to provide data for supervisory reporting. The update is a corrective modification of the previously published 2.7 taxonomy, which it entirely replaces. The amendments address some technical errors in the reportable content and in the XBRL […]

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SEC Proposed 2018 Reporting Taxonomy

November 17, 2017

The SEC has now announced its preliminary 2018 reporting taxonomy following a formal public review of the proposal.

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Au Revoir Paris and See You Soon!

November 13, 2017

Last week saw regulators, accountants, business reporting professionals and technologists from around the world gather in Paris for Data Amplified, the annual conference presented by XBRL International. Here’s a brief update on the conference and developments around the world, slightly delayed by last week’s exertions. Thank you! We were delighted with the attendance, the quality of […]

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New Rules & Guidance from the XBRL US Data Quality Committee

November 13, 2017

This year’s Data Amplified conference did not stop our colleagues from the XBRL US Data Quality Committee (DQC) from keeping busy, having announced  the finalisation of a new guidance document for tagging – the Statement of Cash Flow Guidance. Joining this publication are two new automated rulesets designed to help US issuers in the preparation […]

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Who is Who by GLEIF

November 13, 2017

As of November 1st, 2017, the ‘Level 1 LEI-CDF Version 2.1 Concatenated File’ is now the authoritative source for business identification Level 1 data. Level 1 data refers to business card LEI reference information designed to identify ‘who is who’, including the name of the legal entity in question and its registered address. The GLEIF […]

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Russia: Final Stage of Transition to New Reporting Format for Non-Bank Financial Institutions

November 13, 2017

The Bank of Russia’s XBRL final taxonomy of accounting (financial), supervisory and statistical reports for Non-Credit Financial Institutions (NFIs) has been now been published. A wide array of institutions will be obliged to use XBRL to file reports to the Bank from early 2018 onwards, including  insurance firms and  pension funds. The preliminary XBRL taxonomy […]

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First Certified XBRL Software Announced

November 13, 2017

Last Monday the first 11 software packages to receive certification from XBRL International were announced. XBRL software certification makes it easier for everyone involved in 21st century corporate, regulatory and enterprise reporting to ensure that information that is prepared in one place can be accurately and seamlessly consumed in another. XBRL International certification builds confidence […]

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