HMRC Update Taxonomy
On October 9 the UK’s HMRC updated their guidance on the taxonomies they accept for company tax returns.
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Update of SEC’s Data Test Suite
The SEC published an update of it’s interactive data test suite last week. If you are a vendor that works in that field you’ll need to go and check it out…. review a summary of the changes here and the Data Test Suite here.
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EBA Risk Dashboard Shows Improvement
Positive news from the European Banking Authority (EBA) this week as their periodic risk assessment of the EU baking sector shows on-going improvements.
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Companies Commission of Malaysia XBRL Project Commences
We are delighted to see SSM, the Malaysian business registrar adopting XBRL for countrywide annual and financial filings this week with the introduction of the Malaysian Business Reporting System (MBRS). This is a major step, facilitating greater transparency and simpler analysis by helping to gather large quantities of high-quality data.
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Data Revolution in Financial Markets: Consequences and Solutions
Markets have always relied on trust and information to function; however, the accelerating changes in the data economy over the past decade require new approaches. In an important speech, SEC Commissioner Kara Stein outlined several issues that financial regulators, companies and markets need to react to. These are issues that “affect you, your money and your identity” as she puts it.
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XBRL: Accountant’s Assistant, Not Replacement
Government accounting is changing, but we still need smart humans in charge, argues Justin Marlowe in a column in governing.com this week.
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Dubai, Capital of Innovation
One of the world’s fastest-growing economies, unafraid of innovation and with knowledge and technology at the top of its government agenda, Dubai is well positioned through its attitude and location to tap into a broader region rife with opportunity. There is a host of activity across the region, including within financial supervision.
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70% UK Banks Recognise Climate Change Poses Financial Risks.
A new Prudential Regulatory Authority (PRA) report examines how climate change poses financial risks to banks and how they are responding.
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IFRS Taxonomy Consultative Group Calls for Members
The IFRS Foundation is seeking candidates to join the IFRS Taxonomy Consultative Group from 1 April 2019. The IFRS Taxonomy Consultative Group contributes to the development of the IFRS Taxonomy by providing regular input on taxonomy related issues. Members are drawn from a variety of business and geographical backgrounds. The Board is keen to appoint […]
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FASB Taxonomy Updates
The Financial Accounting Standards Board (FASB) has issued a new release note describing taxonomy improvements for the 2019 GAAP Financial Reporting Taxonomy.
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