In February the European Council adopted conclusions from the Coordinated Plan on Artificial Intelligence. The plan underlines the crucial importance of fostering the development and use of artificial intelligence by increasing investment, strengthening research and encouraging collaboration between industry and academia. The conclusions include a recognition of the need for more secure and high quality […]
On 21 March XBRL US submitted a comment letter stating their support for quarterly filings in response to the SEC’s request for input on the effects of mandated quarterly reporting.
This week the European Securities and Markets Authority (ESMA) published the taxonomy for facilitating the implementation of the Regulatory Technical Standard (RTS) for ESEF.
By the end of 2019 Indonesia aims to better integrate nation-wide financial reporting, strengthening the coordination between different financial services with an initiative that will mandate digital reporting and data sharing.
The Alliance for Corporate Transparency project has assessed over 100 European companies to analyse how effectively they are disclosing the environmental, social and governance (ESG) impact information required by the EU Non-financial Reporting (NFR) Directive.
On 27 March the IFRS Foundation published the IFRS Taxonomy 2019 files. The new taxonomy includes a general improvement update and an update to common practice.
The XBRL International Nominations Committee seeks expressions of interest from exceptional candidates with a strong commitment to improving reporting around the world for its volunteer Board of Directors. Members of the Board work in the public interest to help manage and promote the not for profit business reporting standards organisation.
XBRL International’s CEO John Turner was in Amman this week for the Arab Capital Markets Conference, talking to the region’s securities regulators and a host of leaders from the private sector about the challenges and opportunities that digitisation presents.
The SEC has proposed reforms to the rules governing Business Development Companies (BDC) and Registered Closed-End Funds that would require these funds to report information in structured data.
The amendment is in support of the SEC’s implementation of the Small Business Credit Availability Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act. BDC’s primarily invest in small and developing companies, so ensuring these funds have an efficient approach to raising capital and good investment communication should help support small business.
Recently we updated readers on the progress of the Open Information Model (OIM)– which is well on its way to Recommendation status. But what will the OIM actually mean?
The OIM is central to the modernisation and simplification of the XBRL standard. Although XBRL is used extensively all over the world, allowing rich, structured data to be captured and used by businesses and regulators, the standard’s XML syntax is not always convenient and it often isn’t simple.
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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.
