“XBRL should be on everyone’s radar.” So says Ken Krupa, CTO of MarkLogic, a privately held “unicorn” big data analytics firm in a blog post this week. “Corporate reporting cannot remain primarily a paper-based* exercise in a digital age. As annual reports are a key part of any company’s understanding of its financial situation, moving […]
Congratulations to our colleagues at SBR Banken in the Netherlands, who this week routed the first digital real estate report through their gateway in XBRL format. Specialist real estate valuation firm MVGM point out that the new arrangements mean that: “With the introduction of digital exchange in real estate data, the time-consuming task of collecting, structuring, assessing […]
The IFRS Foundation has announced that Turkish labels are now available for the IFRS 2017 taxonomy. To provide further support to Turkish-speaking audiences, the IFRS Foundation team also prepared a Turkish version of IFRS Taxonomy Illustrated or ITI. As a quick reminder, the ITI presents a simplified view of the IFRS Taxonomy in an unstructured […]
The IFRS webinar about the 2018 taxonomy is available for replay. Impacted by IFRS? It’s important to you then. Find it here.
Do read the interview with Scott Bauguess, Deputy Director and Deputy Chief Economist of the SEC’s Division of Economic and Risk Analysis (DERA) this week from Merrill Corp. Spurred on by what he considered to be a persistent lack of interest and understanding among certain market participants about the importance of standardised data collection and dissemination, […]
System so that it now supports the 2018 IFRS Taxonomy. EDGAR Update 18.2 also signals the point at which a range of previous taxonomies are phased out. Companies are encouraged to use the most recent version of taxonomy releases for their XBRL exhibits in order to take advantage of the most up-to-date tags related to […]
Investors have clear ideas about the way company metrics can help with asset allocation. Wouldn’t this work better if these disclosures were digital?
ABZ Reporting became the latest company to gain XBRL Certified Software™ status for their product. ABZ’s ABRA Transformation Engine has been certified as XBRL report consumption software, meaning that it has been validated as passing the rigorous conformance suites that accompany the XBRL specifications, ensuring consistent interoperability between products. You can find full details of […]
As of 1 July, the Companies and Intellectual Property Commission (CIPC) of South Africa has mandated the submission of financial information – including annual returns – from qualifying entities in XBRL format. The commission is expecting this transition to not only herald in a new lease of trust and accountability in financial reporting but will […]
Insurance companies in China are now obliged to report their new Asset Liability Management quarterly reports to the Chinese Insurance Regulatory Commission in XBRL format, expanding the existing reporting arrangements that use the standard. More on the CIRC’s site (in Chinese, but your-chosen-browser should translate) here.
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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.
