Recruiting: Taxonomy Software Developer
The FASB is looking for a Software Developer to develop and maintain software systems for the US GAAP Financial Reporting Taxonomy.
Latest News
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Bank of Russia Release Draft Insurance Reporting Updates
The Central Bank of Russia has released a draft adjustment to the reporting requirements for insurance companies. The direct No. 4584-U changes the forms, terms and procedure for drawing up and submitting reports to the central bank.
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GREAT Act Passed by House and Introduced in the Senate
The GREAT Act aims to transform US federal grant reporting from disconnected documents into open data by requiring the creation of a comprehensive and standardized taxonomy covering all reported federal grant and assistance data. This will deliver transparency for grant making agencies and the public, as well as allowing grantees to automate their reporting processes, […]
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GREAT Act Senate Reading
The Data Coalition’s proposed GREAT Act – Grant Reporting Efficiency and Agreements Transparency – was introduced in the US Senate this week.
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New Tutorial
One of the most powerful features of XBRL is the ability to embed sophisticated business rules for validation into a taxonomy in the form of XBRL formula rules. XBRL formula is a very powerful language, but with that power comes some complexity. To help new users get to grips with the language, the XBRL Best Practices Board has just approved the publication […]
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Data Privacy Concerns
Although big data is a valuable tool for analysing broad trends, individual intrusions into private, personal data raise important privacy questions for regulators. Life insurance company John Hancock has been in the spotlight this week after announcing that in future all of their insurance policies in the United States will include Vitality – an interactive, […]
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SASB and GRI Step Up Project to Align Reporting Standards
The Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI) announced ahead of the Global Climate Action Summit (GCAS) last week that they will soon move forward with a project to bring their standards in line with each other. This joint effort is aimed at simplifying non-financial reporting standards to align with the […]
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DiFin Proves Popular
Earlier this year we reported on the launch of Germany’s Digital Financial Report system, DiFin, which leverages existing capabilities that exist in Germany to generate XBRL financial statements for tax reporting, to be reused in bank credit assessments. DiFin is a voluntary system, offering a secure web-based services gateway, and some specific legal protections for tax advisors […]
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XBRL Recommended as Key Skill for Forensic Accountants
Research published in the British Journal of Research looks at how best to utilise the expertise of forensic accountancy to improve corporate governance in India. Recent accountancy scandals have rocked confidence in India’s financial reporting practice and the effectiveness of corporate governance. Well trained forensic accounting professionals, by helping companies detect and prevent fraud and […]
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Award for XBRL Japan’s Mizutani-san
On September 20 The Japanese Ministry of Economy, Trade and Industry announced that Manabu Mizutani, former president of PCA and lead vice chairman of the Computer Software Association (CSAJ), is this years’ winner of the “Individual Award for Contributions to Digitisation.” Mizutani-san is a leading member (and a Director) of XBRL Japan and our congratulations […]
