The US Securities and Exchange Commission (SEC) has published a draft update for 2020 to the Document and Entity Information (DEI) taxonomy. Interested and affected parties are invited to provide comments on the draft DEI taxonomy via email to StructuredData@sec.gov before the deadline of 27 May 2020. Read more and access the taxonomy files here.
The COVID-19 pandemic has brought on fast and dramatic changes that have been challenging for people and businesses at all ends of society and the economy. Small businesses, in particular, are facing unique pressures as populations self-isolate. Accountancy Europe has created a useful guide for accountants looking to help their Small and Medium Enterprise (SME) […]
As we have seen over the past few weeks, in response to difficult working and economic conditions caused by the COVID-19 pandemic many financial regulators around the world are taking action to ease the effects on business. In order to ensure banks can focus their full attention on the unfolding economic issues surrounding COVID-19, the […]
Extensible Enumerations is a powerful feature of XBRL that enables the creation of concepts that take a value from a pre-defined list.
The US Federal Energy Regulatory Commission (FERC), which switched to XBRL for a number of utilities reporting forms last year, has published a rule proposal to revise transmission incentive policies and extend XBRL to Form 730. In the proposal FERC notes that further adopting XBRL would allow the reporting of comprehensive, consistent, interoperable data, and would […]
The International Accounting Standards Board (IASB) recently published a discussion paper setting out their preliminary views on the goodwill impairment debate. The IASB (and FASB) have been looking at alternatives to the existing accounting rules that assess goodwill through annual evaluations, and are considering moving to an approach where a set amount of goodwill is written down […]
This week the European Securities and Markets Authority (ESMA) published a European Single Electronic Filing (ESEF) conformance suite to facilitate implementation of the regulations that came into effect at the start of this year. The Conformance Suite is aimed at XBRL software developers and is designed to test whether Inline XBRL software can create and […]
ThinkTwenty20’s recent spring issue focused on regulatory reporting, drawing from a number of interesting perspectives in the field. Mike Willis, the US SEC’s Assistant Director of the Office of Structured Disclosures, highlighted the importance of standardisation in all supply chains – from the railways, to barcodes, to business information, and now, for data that will enable […]
The XBRL Best Practices Board has approved the publication of an updated version of the Legal Entity Identifier (LEI) taxonomy. This taxonomy, developed by the LEI in XBRL Working Group seeks to standardise the ways in which LEIs are used in XBRL Reports. LEIs provide globally unique identifiers for companies and other entities, and standardising the […]
The US Securities and Exchange Commission (SEC) has adopted long-proposed changes to filer definitions, designed to ease the reporting burden and compliance costs for small filers. The amendments mean smaller reporting companies – those with less than $100 million in revenue – will no longer need to obtain a separate attestation of their ability to maintain […]
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