The next Global Preparers Forum (GPF) will take place on 22 March. The GPF is an independent body that provides insight and input to the International Accounting Standards Board (IASB) from preparers of financial statements. The GPF provides input into concepts and proposals that the IASB is developing and offers advice on the practical implications […]
A recent article by Amir Ghandar, former Deputy Director, Public Policy & Regulation at the International Federation of Accountants (IFAC), in the Australian Financial Review takes a hopeful angle on the crisis in audit confidence, arguing that the digital age’s thirst for trusted information signals the start of a golden age of audit. Recent years have […]
The European Securities and Markets Authority has published a video (developed with input from XBRL Europe) on ESEF, the EU’s Inline XBRL mandate for IFRS filing public companies.
On 25 February the European Banking Authority (EBA) published new guidelines on outsourcing arrangements for financial institutions. Many financial institutions have been adapting their business models to take advantage of increased digitisation and the growing importance of Fintech firms. Often, this takes the form of outsourcing – a relatively simple way to harness innovation and […]
Speaking of ESEF, Accountancy Europe have published a useful factsheet and infographic guide to the new reporting requirement. Inline XBRL based ESEF will make reports machine-readable, facilitating access, analysis and comparability of financial statements. The European Commission hopes ESEF will make both reporting and investing easier. The factsheet provides an overview of ESEF’s requirements, including how ESEF works and why […]
For still more information about ESEF, XBRL Europe have published an online video tutorial, by PWC, that delves into ESEF’s anchoring requirements. Watch the tutorial here and for more information on anchoring read XBRL’s draft guidance.
The 44th World Continuous Auditing & Reporting Symposium (44 WCARS) will be held at the University of Seville, Spain on 21-22 March 2019. The annual symposium is a leading forum for discussion into research and practice in the application of technology to auditing and reporting. Sponsored by Rutgers University, AECA (Asociación Española de Contabilidad y Administración de Empresas) and CRSUS (Cátedra de Responsabilidad Social […]
In a Ministry of Finance review document, the Chinese Government’s Accounting Department has highlighted the achievements and progress made in accounting management in 2018 and outlined its aims for the future. The Department intends to continue promoting the internal application of XBRL, and is working towards a national standard for standardised enterprise reporting with XBRL. […]
On Monday 18 February Mumbai’s Stock Exchange (BSE) announced that for the financial year ending 31 March 2019 listed companies must file their Annual Reports in XBRL format.
This month’s Toppan Merrill Report, Dimensions, highlights the Securities and Exchange Commission (SEC) Commissioner Robert J. Jackson’s vision on the future of structured data.
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