Confine people to their homes; shut the shops; spending goes down; GDP suffers. It may seem like common sense that stronger Covid-19-related restrictions, while essential for public health, would result in a lower GDP, but anecdata isn’t real data.
The US Securities and Exchange Commission (SEC) has never been shy of enforcement action. It’s very encouraging to see evidence that the Commission’s enforcers are increasingly relying on advanced analytics.
Following the European Commission’s decision that the XBRL mark-up within ESEF documents must be subject to audit, Germany’s Institute der Wirtschaftsprüfer (IDW), or Institute of Public Auditors, has published draft audit standards for ESEF.
Following the recent announcement that the Sustainability Accounting Standards Board (SASB) is working with PwC to develop an XBRL taxonomy, Wes Bricker, vice chair of PwC US and Mexico and Vice Chair of XBRL International’s Board of Directors, recently spoke about XBRL, standards and sustainability at a PwC event.
Shenzhen, China’s southern metropolis, is named after the rice paddy drains, or ‘zhen’, that once stretched across the landscape. Today, where mere decades ago sat a small fishing village, Shenzhen is a city of over 11 million inhabitants, known as China’s answer to Silicon Valley.
Open standards for digital data exchange are key for keeping e-invoicing and e-procurement safe and sustainable, says Annemieke Toersen, senior IT standards advisor at the Netherland’s Standardisation Forum.
The XBRL Standards Board has approved the publication of a new Candidate Recommendation of the xBRL-CSV, xBRL-JSON and Open Information Model specifications.
The World Economic Forum’s International Business Council (IBC) has added its weight behind the growing momentum for sustainability standards.
In the context of a pandemic, it makes sense to ensure that as much activity as possible is done digitally. Last week saw the unveiling of a new initiative from Everbright Bank: digital bank receipts with embedded XBRL data for reuse and analysis.
The Australian Prudential Regulation Authority (APRA), which oversees Australia’s financial sector, is planning to align its prudential standards for insurance companies with international insurance standards.
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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.
