Regulator moves to require use of the Inline XBRL standard for all public companies and investment funds listed on US markets. Move will enhance flow of decision-useful information to investors of all kinds, will lower costs and simplify external reporting over time.
Here’s some of the details from the recent SEC decision to move to Inline XBRL for US market participants.
Enhancing the quality and accessibility of financial reporting is a core objective of the UK’s Financial Reporting Council, the UK’s audit regulator and financial standards setter. The FRC also has a full time taxonomy team, who look after the UK taxonomies for filing to that country’s tax authority, companies registrar and charities commission. (Public company […]
Thank you! To Canada, where Jerry Trites, long time advocate for digital reporting in Canada, and stalwart of XBRL Canada is retiring at the end of June. Over a long career, including 22 years as a KPMG partner, as a staff member, consultant and frequent volunteer for CPA Canada and its predecessor body, the Canadian […]
When people talk of how technology is likely to impact the future, the discussion goes one of two ways. Either down a road of fear that technology will bring with it an end to our freedoms and a loss of our jobs. Or that technology will pave the way for a new world where value […]
In a recent bid to bring about a new digital agenda for the Eastern European bloc, the European Commission has committed to supporting the transition of the region into a digital economy. It is hoped through these changes that faster economic growth, increased jobs and better services will manifest. The EC has made five main […]
Still in the US… after pulling together a remarkable coalition of companies, public sector leaders and elected officials, Hudson Hollister, the founder and Executive Director of the Data Coalition and more recently the Data Foundation, announced this week his plans to step down from day-to-day leadership of the US effort to study and advocate for open, structured data […]
Readers will likely agree that data constitutes perhaps the most important input element into investment decision-making processes. With a rise in how data can be accessed, read and interpreted, the ability for market participants to exploit new forms of information has resulted in a dramatic uptake in novel approaches for data management and decision making. […]
Some ideas to make Asia a Fintech/Regtech/Suptech powerhouse, following the recent XBRL Asia Round Table meeting in Japan.
Highlights from this week’s XBRL Asia Round Table included updates from the following regulators: The Malaysian Business Registrar (SSM) is rolling out the Malaysian Business Reporting System (MBRS) later this year. The system initially allows the submission of annual returns, financial statements and exemption statements, all in XBRL format. This is a phased mandate that will […]
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