Congratulations to CA. Atul Kumar Gupta, Vice Chairman of the Board of XBRL India, who has been elected as President of The Institute of Chartered Accountants of India (ICAI). CA. Gupta is widely appreciated for his key contribution to the new Goods and Service Tax regime in India. He has also chaired the SAFA Committee on […]
Our very own Robert Tarola, Deputy-Chair and former Chair of the XBRL International Board of Directors, has been recognised for his numerous achievements by the Fox School of Business with the Lifetime Achievement in Accounting Award. This award recognises a lifetime of professional success and service in the industry, experience we are lucky to benefit […]
Machine learning (ML) has been touted as set to transform the financial landscape – but is this hype or reality? A recent Bank of England survey indicated that machine learning – including live projects using complex methods such as natural language processing – are increasingly common in the UK. The data shows that a third […]
On 30 January the US Securities and Exchange Commission (SEC) announced amendments to Regulation S-K, continuing the modernisation and simplification efforts called for by the FAST Act. The latest proposals are focused on Management’s Discussion and Analysis (MD&A), and aim to eliminate overlapping and duplicated requirements, revise requirements in light of technology (namely the availability […]
The European Banking Authority (EBA) recently published an updated list of validation rules and related XBRL taxonomy with the aim of improving data quality for reporting framework v 2.9. The updates include new and amended validation rules, severity status changes and new deactivations/reactivations of validation rules. It will help ensure reported data is accurate and […]
The Abu Dhabi Securities Exchange (ADX), in the United Arab Emirates, has issued improvements and updates to its electronic disclosure system for financial statements. The updates are designed to ensure ADX is in line with the latest international practices, including adhering to the latest amendments to the International Financial Reporting Standards (IFRS). The updates aim […]
At yesterday’s XBRL Europe meeting in Milan, ESMA foreshadowed a number of activities that it will be taking in concert with NCAs (i.e: national securities regulators) during 2020.
The UK’s Financial Reporting Council (FRC) has published a podcast discussing their recent report, which offered some practical guidance for best practice on climate-related disclosure. The FRC found that while investors support increased disclosure on climate-related risk, companies are frequently falling behind expectations. The report drew on the TCFD framework to structure practical guidance on […]
Regulators are now collecting vast quantities of data, with new data strategies a focus for both the UK and the US at the beginning of 2020 – but what about the quality? Regulation Asia recently released a video interview with Kaizen Reporting’s Ian Rennie pinpointing some ways firms can keep on top of data quality at Singapore Fintech […]
A recent European Banking Authority (EBA) report outlines key challenges relating to the increased adoption of big data and advanced analytics. Big data and advanced analytics – including machine learning – are increasingly prevalent in the banking industry, with their use only set to expand in future. Two-thirds of credit institutions surveyed by the EBA […]
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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.
