“Reusing an existing taxonomy” – does that make you think of software developers simply using preexisting functions from libraries? Think again! In fact, there is much more to it than recycling code.
The XBRL Standards Board has approved publication of the Filing Indicator Taxonomy at Recommendation status. Filing indicators are used in filing environments to act like a signpost, allowing reports to declare which reporting tables have been completed.
XBRL International has responded to the consultation by the UK’s Department for Business, Energy & Industrial Strategy (BEIS) on a significant overhaul of the powers and role of Companies House, that country’s national business registrar.
Head over to the Taggings section of the XBRL International website for a guest post from Mohini Singh, ACA, Director of Financial Reporting Policy at CFA Institute and Treasurer of the XBRL International Board of Directors.
Having taken into account stakeholder feedback received during its 2020 consultation, the EU is very close to finalising common rules for a set of sustainability disclosures to be made by financial sector participants.
We’ve seen a glut of Environmental, Social and Governance (ESG) news this week, particularly on climate disclosure, so join us for a whistle-stop tour of points of interest.
Good news for Korean speakers! The International Financial Reporting Standards (IFRS) Taxonomy 2020 labels in Korean are now available. Alongside the taxonomy, versioning information shows changes from previous years.
The International Accounting Standards Board (IASB) has published proposals for a new International Financial Reporting Standards (IFRS) standard that would give investors better information about financial performance of rate-regulated companies.
The Financial Stability Institute (FSI) has published an Occasional Paper by Fernando Restoy on how regulation should encourage fair competition between traditional banks and new fintech and big tech players.
In January, the International Integrated Reporting Council (IIRC) published revisions to its International <IR> Framework designed to enable more decision-useful reporting. The changes follow an extensive consultation to review the framework, which identified areas for clarity and simplification.
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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.
