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Creating an Inline XBRL Report? Explainer Guide Available

By admin on October 4, 2019

Inline XBRL (iXBRL) enables a single document to provide both a preparer-driven human-readable presentation of a business report and structured, machine-readable XBRL data. The data format requirements for human-readability and automated machine consumption vary in some cases. For example, a preparer might present a date as ’30th September 2019″ whereas XBRL requires dates to be […]

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FASB Roundtable on Goodwill

By Editor on October 4, 2019

More news on accounting for goodwill this week as the US’s Financial Accounting Standards Board (FASB) announced it will be hosting a public roundtable discussion to gather views on its recent Invitation to Comment (ITC) on Identifiable Intangible Assets and Subsequent Accounting for Goodwill. The roundtable will be held on 15 November 2019 and give […]

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Simplify ESG Reporting with Better Alignment

By Editor on October 4, 2019

Key co-ordinating body, the Corporate Reporting Dialogue, has reported that alignment between different ESG frameworks with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations is better than expected. In order to offer more clarity on the relationships between different ESG reporting frameworks, the Better Alignment Project has brought a varied group of standard setters together to […]

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Financial Transparency Act Introduced in Congress

By Editor on September 27, 2019

The Financial Transparency Act (FTA) was reintroduced into US Congress this week, potentially paving the way for a significant advance in data standards that would benefit the business community and regulators alike. The bipartisan bill, which has long been supported by the Data Coalition, and our colleagues at XBRL US, aims to introduce a number of […]

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Effective Climate Change Disclosure is Key

By Editor on September 27, 2019

Mark Carney, Governor of the Bank of England, recently gave a speech on sustainable finance at the United Nations Climate Action Summit highlighting the need for effective climate disclosure to build a sustainable financial system. Carney sees the initiatives and innovations of the private sector as key to underpinning the work of governmental climate policy, […]

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Hear Why Local Government Reporting Needs Reform

By Editor on September 27, 2019

At next month’s Data Amplified conference, hear from Marc Joffe, the leading advocate for the modernisation of local government reporting in the United States. Hear how the use of structured data will improve decision making within government and the credit rating process, leading to improved bond programs for funding infrastructure in that country. With an […]

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SEC Propose Update to Statistical Disclosures for Banks

By Editor on September 27, 2019

The US Securities and Exchange Commission (SEC) has proposed an update to the statistical disclosures provided by banks, savings and loan companies. The proposed update would replace Industry Guide 3, Statistical Disclosure by Bank Holding Companies, with the proposed disclosure rules moving to a new subpart of Regulation S-K. It should be noted that Guide […]

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How Can Technology Drive Transparency Across the EU?

By Editor on September 27, 2019

Next week XBRL International CEO John Turner will talk about the future of technology and transparency at an EU Commission conference in Brussels, hosted by Deloitte. Transparency is essential for capital markets to function efficiently: investors need to know what they are investing in to make the best decisions for their capital. While the EU […]

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Bank of Russia Update Reporting Guidance

By Editor on September 27, 2019

The Bank of Russia has published a guide to help preparers make the reporting changes required by the recent adjustments to accounting standards and the Bank of Russia taxonomy. The instructions include changes to the forms, terms and procedures for compiling and submitting reports. Some affected submission dates have been extended due to the changes. […]

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FRC Investigate Cash Flow Disclosures

By Editor on September 27, 2019

The UK’s Financial Reporting Council (FRC) have published a report examining how effective disclosures of cash flow in annual reports are for investor needs. Investors need information on the generation, availability and use of cash as part of their assessment and analysis – but do current cash flow statements provide enough information? The FRC’s report […]

Latest News

Creating an Inline XBRL Report? Explainer Guide Available

FASB Roundtable on Goodwill

Simplify ESG Reporting with Better Alignment

Financial Transparency Act Introduced in Congress

Effective Climate Change Disclosure is Key

Hear Why Local Government Reporting Needs Reform

SEC Propose Update to Statistical Disclosures for Banks

How Can Technology Drive Transparency Across the EU?

Bank of Russia Update Reporting Guidance

FRC Investigate Cash Flow Disclosures

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