The massive EDGAR database serves up 1.5 billion copies of documents filed by public companies with the SEC each year, and these days 85% of those downloads are by ‘bots, not humans. That’s an important signal: regulatory data needs to be human and machine readable. Read more…
The 9th XBRL Asia Roundtable will be held as part of a wider joint program with the Asian Development Bank’s Asian Bond Market Forum meeting from 18 to 21 June in Fukuoka, Japan. The theme for the meeting is to explore the opportunities that standardisation and technology afford in helping to better link and integrate the economies […]
Standardised reporting can be beneficial not just for the submission of information to a given institution but can also be pivotal in the seamless transfer of data between financial market authorities. This is exactly what is now taking place in India. In order to enable easier filings and to make reporting by listed entities to […]
The XBRL Standards Board has approved as a Candidate Recommendation the Extensible Enumerations 2.0 specification. This modular extension to the XBRL standard builds upon the functionality added by earlier versions of the Extensible Enumerations standard, and provides taxonomy authors with the ability to create concepts and dimensions that take either a single value or multiple values from a predefined […]
In a recent update by the Financial Accounting Standards Board (FASB) to their Implementation Guide Series for the U.S GAAP Taxonomy, FASB staff have now issued a new proposed taxonomy guide for revenue from contracts with customers. The implementation guide provides examples to help users of the taxonomy understand how modeling, revenues and costs are […]
The Dutch professional association of accountants – the Koninklijke Nederlandse Beroepsorganisatie van Accountants, or NBA for short – has updated its declaration generator. Starting last week, the XBRL instance for the Dutch format will also be available in English. This update has been exclusively intended for digitally deposited annual accounts of medium-sized companies within the […]
Did you miss the recent webinar on the new SEC Reporting Taxonomy? Not to worry! You can watch the recorded version of it here https://xbrl.us/events/20180501/. The webinar was hosted by both the SEC and FASB and addressed how issuers could take advantage of the guidance provided. The speakers were: • Louis Matherne, Chief of Taxonomy […]
One of the best ways to understand your own weaknesses and minimise your vulnerability to external threats is to stress-test yourself. This is exactly the ethos that the European Central Bank has taken in an attempt to build resilience in its financial markets. Under a programme burdened with the name “Threat Intelligence-Based Ethical Red Teaming […]
The European Commission is ramping up its efforts to create measures for increasing the availability of data in the EU, building on previous initiatives to boost the free flow of non-personal data in the Digital Single Market. The Commission’s VP, Andrus Ansip highlighted their perspective noting “without data, we will not make the most of […]
The CFA Institute’s 71st annual conference is set to take place this month and ahead of the event they have set the stage for a debate about the future of financial services. Financiers are likely tired of hearing about how their future consists of competing with AI for jobs, yet at a far more nuanced […]
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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.
