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Everything You Wanted to Know About the Status of IFRS

May 13, 2016

The IASB has published the latest version of its “Pocket Guide”, which is a comprehensive look at IFRS adoption around the world. It’s over 100 pages, so whether you will want to print it and carry it around in your pocket is of some debate, but it is without doubt a highly detailed and useful […]

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BearingPoint wins the European IT & Software Excellence Awards 2016

May 11, 2016

BearingPoint’s ABACUS/DaVinci regulatory reporting solution has been awarded the “Enterprise Solution of the Year” for the successful implementation at Santander. Ranking among the leading providers of regulatory technology (RegTech), management and technology consultancy BearingPoint has won IT Europa’s “Enterprise Solution of the Year” at the 2016 European IT & Software Excellence Awards. This award category recognizes […]

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US Treasury Schema Published

May 6, 2016

After a year of revisions and “hundreds” of comments, the US Treasury has released a near final version of its schema outlining data definition standards to be used by federal agencies in reporting spending under the DATA Act. The DATA Act Information Model Schema (DAIMS) v1.0 gives an overall view of the hundreds of distinct data elements […]

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EBA Publishes Corrective Taxonomy Updates

May 6, 2016

The European Banking Authority has released corrective updates to two versions of its XBRL taxonomies for supervisory reporting (versions 2.4 and 2.5) to fix technical errors in the implementation of some validation rules.

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Kuwait CMA to Use XBRL

May 6, 2016

The Kuwait News Agency has announced that the Capital Markets Authority in that country will use XBRL in its efforts to regulate and develop the capital market, protect investors and improve the financial system in Kuwait.

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XBRL US Surety Working Group Publishes WIP Taxonomy and Business Case

May 6, 2016

The Surety Working Group formed by XBRL US has completed a Proposed Recommendation of its Work-in-Process Taxonomy for automating the reporting of elements related to identifying risks and determining eligibility for surety bonds.

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US SEC Examining Regulation S-K

April 29, 2016

The SEC recently issued a “concept release” seeking public comment on business and financial disclosure requirements in Regulation S-K. This is the regulation, first instituted in 1933, that lays out reporting requirements for quarterly, annual, and other various SEC filings used by public companies in the United States.

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IFRS Taxonomy Update

April 29, 2016

The IASB has published Update 1 to the 2016 IFRS Taxonomy.

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Assertion Severity Specification moves to “Recommendation” Status

April 21, 2016

The Assertion Severity specification is a modular addition to the XBRL Formula specification that allows validation rules to be classified according to their severity.

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Taxonomy Package Specification Approved

April 21, 2016

The Taxonomy Package Specification defines a standard way of publishing taxonomies that XBRL tools can use to improve the end-user experience when working with XBRL.

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