The threat of cyber attack is, unfortunately, a global phenomena and concerns regulators all over the world. In a recent call to action by Dr Ernest Addison, the Governor of the Bank of Ghana, banks in that country will soon be required to publish bank-specific cybersecurity policies. With revised rules in front of the country’s […]
Contributed by David North, Head of Software Engineering – CoreFiling ESMA’s ESEF mandate is coming, and companies affected will need a compliance solution in place by 2021. At CoreFiling, we’ve already demonstrated that two of the major apps on our XBRL Certified™ True North® data platform can be used for search (Full Beam) and review (Beacon) […]
To help with analysis and comparability XBRL International has published draft guidance on Entity Specific Disclosures — disclosures made in a company’s financial statements that are specific to that entity.
As referenced in last week’s newsletter, Germany’s banks and credit institutions have banded together with the government and XBRL Germany to develop an SME credit reporting system that leverages existing capabilities to generate XBRL financial statements for tax reporting. It’s called the DiFin system. DiFin offers a secure web services-based gateway. It also provides some specific legal […]
As expected, the IFRS Foundation has published its 2018 updates. Find all of the details here.
The US securities regulator has now officially accepted both the 2018 GAAP Financial Reporting Taxonomy and the newly created 2018 SEC Reporting Taxonomy (SRT) following the January release of the taxonomies to the SEC for review.
Florida is in the last stages of finalising legislation that will require the collaborative design and implementation of XBRL based reporting from municipalities. Comprehensive Annual Financial Reports (CAFRs) will go digital.
The IFRS Foundation is expected to publish today its new Taxonomy for 2018 which includes a number of updates from the IFRS Taxonomy 2017. The 2018 Taxonomy will incorporate the IFRS Update for IFRS 17 Insurance Contracts issued in January 2018. Alongside the 2018 update, the IFRS Foundation will also be publishing further Taxonomy amendments for both Annual […]
When preparers can run business rules over their draft reports before they submit their data, they can be confident about it. Furthermore, regulators get much better information. Large sets of public validation rules are extremely valuable in managing data quality, but they they can also be complex to maintain and test. The European Banking Authority […]
The Securities and Exchange Commission (SEC) has updated its test suite to include tests that use the US GAAP, SEC Reporting, Document and Entity Information, Exchanges, State and Province and Risk-Return 2018 taxonomies. The SEC’s public test suite helps vendors test their software, and gain confidence that their systems will produce filings that will be […]
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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.
