Investors have clear ideas about the way company metrics can help with asset allocation. Wouldn’t this work better if these disclosures were digital?
ABZ Reporting became the latest company to gain XBRL Certified Software™ status for their product. ABZ’s ABRA Transformation Engine has been certified as XBRL report consumption software, meaning that it has been validated as passing the rigorous conformance suites that accompany the XBRL specifications, ensuring consistent interoperability between products. You can find full details of […]
As of 1 July, the Companies and Intellectual Property Commission (CIPC) of South Africa has mandated the submission of financial information – including annual returns – from qualifying entities in XBRL format. The commission is expecting this transition to not only herald in a new lease of trust and accountability in financial reporting but will […]
Insurance companies in China are now obliged to report their new Asset Liability Management quarterly reports to the Chinese Insurance Regulatory Commission in XBRL format, expanding the existing reporting arrangements that use the standard. More on the CIRC’s site (in Chinese, but your-chosen-browser should translate) here.
The Business Learning Institute runs a terrific podcast for accounting and business professionals, and recently interviewed XBRL International CEO John Turner. Spend a few minutes to hear how the XBRL standard is being used around the world, some upcoming trends and some food for thought. Listen in from around the 5 min 30 second mark […]
Using defined terms helps with clarity – even more so when you are dealing with complex issues. The Financial Stability Board (FSB) has published a draft Cyber Lexicon for public consultation. The draft comprises a set of 50 core terms related to cybersecurity and cyber resilience in the financial sector. The Lexicon is intended to […]
The German financial analysts’ society, the DVFA, has launched training and certification for finance professionals in data science. Teaching analysts, bankers, accountants and other finance professionals how to access, collate, query and create value from traditional and alternative data sources, especially using machine learning. Using Python libraries and other open source resources, students are taught […]
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.
Here’s some of the details from the recent SEC decision to move to Inline XBRL for US market participants.
Enhancing the quality and accessibility of financial reporting is a core objective of the UK’s Financial Reporting Council, the UK’s audit regulator and financial standards setter. The FRC also has a full time taxonomy team, who look after the UK taxonomies for filing to that country’s tax authority, companies registrar and charities commission. (Public company […]