“By thinking of taxonomies as modular ‘building blocks’, it is easier to design and maintain these sometimes complex products.”
On 10 November, XBRL US will host its Investor Forum 2021: Data that Delivers, and has now announced its two keynote speakers.
In the United States, the Financial Accounting Standards Board (FASB) has published its proposed DQC Rules Taxonomy (DQCRT) and Technical Guide for 2022, including a number of new rules. It is now available for public review and comment until 23 September 2021.
How can financial reports provide better information on intangibles? The European Financial Reporting Advisory Group (EFRAG) has published a discussion paper examining different approaches to this issue, with comments requested by 30 June 2022.
The US Securities and Exchange Commission (SEC) has submitted a request for extension of its Form S-1 to the Office of Management and Budget. It is open for comment for 30 days from publication on 9 August.
For those interested in reporting in the UK, the Financial Reporting Council (FRC) has issued its draft XBRL taxonomies suite for 2022 on the Yeti taxonomy viewer.
The US Securities and Exchange Commission (SEC) has announced the official launch of a suite of Application Programming Interfaces (APIs) that provide free public access to filings data submitted to its Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) in XBRL format.
We are very happy to announce that report creation software MDD Platform from MDD joined the growing family of XBRL Certified Software products in August.
The Legal Entity Identifier (LEI) is a valuable element in digital reporting, reliably identifying filers over time and across jurisdictions, and connecting them with their financial data. For regulators, it helps facilitate risk analysis, market transparency and enforcement.
An interesting recent article in Accountants Today, from the Malaysian Institute of Accountants, looks at the experience of XBRL adoption in Malaysia from an accounting perspective, and how smaller accounting firms could be supported to overcome the key challenges so far.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
