The UK’s Financial Reporting Council (FRC) has amended its XBRL accounting taxonomies to reflect changes introduced in the UK GAAP triennial review and three new IFRS documents. UK IFRS reporters to HMRC and Companies House will need to use this collection to file their annual accounts. UK GAAP reporters applying the Triennial Review Amendments can […]
The FASB is looking for a Software Developer to develop and maintain software systems for the US GAAP Financial Reporting Taxonomy.
The Central Bank of Russia has released a draft adjustment to the reporting requirements for insurance companies. The direct No. 4584-U changes the forms, terms and procedure for drawing up and submitting reports to the central bank.
The GREAT Act aims to transform US federal grant reporting from disconnected documents into open data by requiring the creation of a comprehensive and standardized taxonomy covering all reported federal grant and assistance data. This will deliver transparency for grant making agencies and the public, as well as allowing grantees to automate their reporting processes, […]
The Data Coalition’s proposed GREAT Act – Grant Reporting Efficiency and Agreements Transparency – was introduced in the US Senate this week.
One of the most powerful features of XBRL is the ability to embed sophisticated business rules for validation into a taxonomy in the form of XBRL formula rules. XBRL formula is a very powerful language, but with that power comes some complexity. To help new users get to grips with the language, the XBRL Best Practices Board has just approved the publication […]
Although big data is a valuable tool for analysing broad trends, individual intrusions into private, personal data raise important privacy questions for regulators. Life insurance company John Hancock has been in the spotlight this week after announcing that in future all of their insurance policies in the United States will include Vitality – an interactive, […]
The Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) announced ahead of the Global Climate Action Summit (GCAS) last week that they will soon move forward with a project to bring their standards in line with each other. This joint effort is aimed at simplifying non-financial reporting standards to align with the […]
Earlier this year we reported on the launch of Germany’s Digital Financial Report system, DiFin, which leverages existing capabilities that exist in Germany to generate XBRL financial statements for tax reporting, to be reused in bank credit assessments. DiFin is a voluntary system, offering a secure web-based services gateway, and some specific legal protections for tax advisors […]
Research published in the British Journal of Research looks at how best to utilise the expertise of forensic accountancy to improve corporate governance in India. Recent accountancy scandals have rocked confidence in India’s financial reporting practice and the effectiveness of corporate governance. Well trained forensic accounting professionals, by helping companies detect and prevent fraud and […]
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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.
