Wise words from the Chair of the Supervisory Board of the European Central Bank, Mme. Danièle Nouy, who closed out last week’s ECB Statistics conference with a number of important points. First, the entire process of financial supervision is grounded in high quality information that comes from regulated firms. She said, in part: “We rely […]
The US House Financial Services Committee this week set out a host of measures designed to simplify or roll back a number of regulations in that country. It did not include H.R. 5054, a bill that sought to restrict the transparency and openness of corporate reporting by requiring the SEC to exempt a large number of smaller […]
Well done to Indonesia’s PT Ebiz Cipta Solusi, the latest software firm to achieve XBRL Certified Software™ status, for its Maleo Sipp XBRL report creation package. This means 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 the […]
IAASB – the International Audit and Assurance Standards Board has started preparations for its work from 2020–2023. A stakeholder survey is now being carried out to help identify key issues that impact their future strategy. The insights from the survey will be incorporated into the development of a consultation paper on future work plans, expected […]
“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 […]
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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.
