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Updated Guidance: Taxonomy Publication and Packages

October 9, 2020

Taxonomies are at the heart of any XBRL implementation and are used by a wide range of stakeholders such as preparers, software vendors, collectors, and consumers. Taxonomies need to be easily accessible, and XBRL International publishes guidance that provides best practice recommendation recommendations for publishing XBRL taxonomies.

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New XBRL International Filing Indicators specification paves the way for xBRL-CSV adoption

October 9, 2020

The XBRL Standards Board (XSB) has approved a Candidate Recommendation release of the Filing Indicators specification.  Filing Indicators are a mechanism used by some XBRL filing systems to enable filers to explicitly record which sections (or templates) within a report they have completed. 

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FRC publish UK version of ESEF Taxonomy

October 9, 2020

Will the UK forge ahead with the European Single Electronic Format (ESEF) in January 2021, as originally planned? Or will the current consultation result in a delay, giving the country time to get its post-Brexit house in order?

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India’s MCA may require more frequent filing

October 9, 2020

India’s Ministry of Corporate Affairs (MCA) is considering requiring large unlisted entities to file financial statements more frequently.

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IFRS considers setting Sustainability Standards

October 2, 2020

Following growing support for global non-financial standards, the International Financial Reporting Standards (IFRS) Foundation has published a consultation paper to formally assess the demand for sustainability standards, and gauge support for the Foundation’s role in developing them.

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MSRB to introduce Structured Data?

October 2, 2020

Could municipal bond markets be due a shakeup? In an article on Forbes this week Barnet Sherman makes the case for a system-wide upgrade of muni markets, citing XBRL as the tool to take municipal disclosures into the 21st century.

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GLEIF Oversight Committee to govern Derivatives Identifiers

October 2, 2020

The Financial Stability Board (FSB) announced that the Global Legal Entity Identifier Foundation (GLEIF), responsible for the LEI, would begin overseeing the unique identifiers used to track over-the-counter (OTC) derivatives this week from 1 October.

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EU to move forward with Single Access Point

October 2, 2020

Ensuring that companies across the EU can get the investment they need to recover from the Covid-19 crisis means making sure investors have access to usable, comparable data.

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EBA seeks input on ESG Disclosure Practices

October 2, 2020

The European Banking Authority (EBA) has released a survey designed to inform sustainable finance policy development.

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New Software Certified

October 2, 2020

We are pleased to announce a new software tool has reached XBRL Certified Software status. Report creation software xWizard by EasyX has passed the rigorous tests that ensure the interoperability of all XBRL Certified Software products.

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