Why do companies disclose “Non-GAAP” or “Proforma” earnings and performance measures? Is it because accounting standards don’t provide a suitable way to measure and understand corporate business models? Is it because Non-GAAP measures better reflect economic reality, or, at least, the factors under the control of management? Perhaps not.
For audit and accounting to build truly useful advisory services, they need to focus on more than just financial data, suggests a blogpost on the Accountancy Europe site. Wesley Shulte, from Finext, argues that moving beyond financial data will allow auditors and accountants to create valuable assessments for companies – for example, by auditing human […]
Fujitsu, a Direct Member and Sustaining Partner of XBRL International, ran its 4th Annual European Interstage XWand Users’ Meeting on 12 April in Malaga, Spain. The meeting was attended by representatives of European National Competent Authorities (NCAs), Officially Appointed Mechanism (OAMs), filers/issuers, software vendors, and software integrators from over 20 countries.
Europe’s Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – have advised against introducing a “one size fits all”, Europe-wide cybersecurity policy. In the short term, the ESAs say that while there are clear benefits to having a coherent cyber resilience framework across Europe’s financial sectors, this approach is difficult in the short term as […]
We are delighted to announce that Data Amplified, our annual conference that brings together the key players involved in the future of business reporting, will this year be held 22-24 October in Shanghai, with an extra Members day on 21 October.
Great news from the US as contractors and bond agents can now submit data in XBRL format, automating what was a laborious manual process and freeing up valuable time for small businesses.
As mentioned above, the US Surety Working Group have been developing the XBRL US WIP Taxonomy to be used by contractors filing to the SBA. This week the Working Group, which is comprised of surety carriers, bond agents, and software companies, also published a draft release of the Contractors Financial Taxonomy. The Contractors Financial Taxonomy […]
At the 2018 Data Amplified conference in Dubai, we presented some samples that show how Inline XBRL documents can be both interactive and design-led. These reports are aesthetically indistinguishable from PDF reports but far more useful. We have now published a code repository containing details of how we produced these samples. We believe this will serve […]
In light of a recent consultation, the UK’s Prudential Regulation Authority (PRA) have issued an updated supervisory statement clarifying climate-related disclosure requirements. Responses to the PRA’s consultation paper, Enhancing Banks’ and Insurers’ Approaches to Managing the Financial Risks from Climate Change, encouraged the PRA to move more quickly on climate issues, suggesting that too few firms are […]
The UK’s Office for National Statistics (ONS) is utilising novel forms of data to make more timely predictions about the UK economy. The ONS has shown how taking advantage of new technologies can offer a chance to get much quicker signals of change in the economy. The Faster Indicators of UK Economic Activity project released its […]
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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.
