The International Integrated Reporting Council published its annual report yesterday highlighting the “breakthrough moments” for integrated reporting across the globe over the last year. Established in 2010, Integrated Reporting defines a process of combining financial reporting with other aspects like a company’s sustainability, governance and strategy. The IIRC is increasingly gaining traction around the world. […]
The International Accounting Standards Board is reviewing how companies present goodwill on their balance sheets. Goodwill refers to an accounting value recorded when a company acquires another company, measuring the value of intangibles that go beyond what the physical assets alone are worth. It is a complex and at times controversial area, as it is […]
An interview with the SEC Chairman Jay Clayton at Launch Tennessee’s 36|86 Entrepreneurship Festival this Wednesday indicates that the securities regulator in the US is considering ways to make it easier for individuals to invest in private companies. Rules designed to protect “Main Street” investors from riskier private markets have put stringent income and net-worth […]
The SEC final rule on amendments to disclosure requirements has been published in full, allowing our colleagues at XBRL US to assess its impact on XBRL requirements. In the near-term, the final rule doesn’t require any changes to what is required to be tagged by preparers. The ruling includes some areas that may result in […]
Filers and software providers in the UK should note that the Bank of England published a taxonomy release note on 31 August 2018. It accompanies v3.1.1 of their XBRL taxonomy, data point model (DPM) and taxonomy validations. V3.1.1 is a corrective release, correcting some issues in v3.0.0, and should be treated as a hotfix rather […]
XBRL International is seeking candidates for both the XBRL Standards Board (XSB) and the XBRL International Nominations Committee (NomCom). The documents containing the desired attributes for potential candidates as well as instructions as to the submission of interest can be found below. To be considered for either the XSB or the NomCom, please submit the […]
ACRA – The Accounting and Corporate Regulatory Authority (ACRA) of Singapore – has made changes to the statutory requirements for Annual General Meetings (AGM) and the filing of Annual Returns (AR). The changes were designed to reduce the burden of compliance and improve the ease, efficiency and clarity of the regulatory process. ACRA has made […]
President Trump waded into regulatory policy in characteristic style this August with a tweet that has ignited debate: “Stop quarterly reporting & go to a six month system[…] That would allow greater flexibility & save money. I have asked the SEC to study!” Companies siding with President Trump cite the cost of compliance and the […]
This week the Association of National Numbering Agencies (ANNA) and the Global Legal Entity Identifier Foundation (GLEIF) have announced the signing of a new initiative to link International Securities Identification Numbers (ISINs) and Legal Entity Identifiers (LEIs). The aim is to help improve the transparency of exposure by linking the issuer and issuance of securities. […]
A recent Chartered Financial Analyst (CFA) Institute survey indicates that segmented reporting information is critical to investors, yet disclosures need improving dramatically. Recent exchanges between investors and tech giants such as Amazon and Alphabet (aka Google) show the struggle: Amazon and Alphabet cloak the performance of important sections of their business such as Alexa, Amazon […]
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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.
