A recent XBRL US comment letter expresses support for the Commodity Futures Trading Commission (CFTC) proposal to introduce reporting standards and expand the use of the Legal Entity Identifier (LEI) – but urges the CFTC to require the use of a single data standard. The CFTC has proposed changes to the Swap Data Recordkeeping and Reporting […]
Spain’s National Securities Market Commission (CNMV), the College of Registrars of Spain and the Institute of Accounting and Accounts Auditing (ICAC) have reiterated the need for entitles trading on EU regulated markets to be prepared to submit their annual reports in accordance with the European Single Electronic Format (ESEF) regulations. With ESEF requirements coming into […]
What do the coronavirus pandemic and climate breakdown have in common? They both present a huge threat to global financial stability, stemming from massive global negative externalities rooted in ecological change. They both entail dramatic economic, financial and social damage. And, despite continued warning of their certainty from scientists, we have failed to systematically consider […]
This week we are delighted to welcome three new members to XBRL International’s Best Practices Board (BPB): Juan Carlos Rodriguez Rivera, XBRL/IFRS Consultant; Pierre Hamon, Consultant at etXetera and member of the ESDTF; and Gleb Larichev, XBRL Implementation Project Manager at the Central Bank of Russia. The BPB manages the creation, collection and compilation of […]
The third in a series on the Coronavirus and corporate reporting, Accountancy Europe has released a podcast looking at how to report in accordance with the IFRS standards during this irregular period – focusing on how to use the flexibility of IFRS 9 – and the various accommodations that have been made for companies and […]
XBRL International’s software certification process is an essential step software providers should take to prove that their products are fit-for-purpose. Software Certification checks that products – both for creating and consuming reports – are interoperable, meaning the reporting supply chain can operate efficiently and accurately. As the list of specifications that make up the standard […]
Of relevance to software vendors working with US filings, this week the US Securities and Exchange Commission (SEC) updated its interactive data test suite in order to help software vendors to produce filings that conform to the rules set out in the Edgar Filing Manual. The test suite is a way of expressing those rules in […]
There is a compelling case for the IFRS Foundation to help develop globally comparable standards for sustainability reporting – according to a recent speech from IFRS Foundation Trustee Teresa Ko. Ko’s speech, given at the inaugural meeting of the Hong Kong Monetary Authority’s Green and Sustainable Finance Cross-Agency Steering Group, suggested that sustainability reporting is […]
With the Coronavirus crisis continuing to put pressure on businesses, regulators and governments and with people still (mostly) locked down, it’s good to see that the crisis seems to have brought out some special creativity. As reported pretty widely, a few brave companies, whether in an act of special creativity, or because they just wanted […]
xBRL-JSON is one of several new specifications to reach candidate recommendation status last week, part of the XBRL modernisation initiative.
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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.
