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 […]
Contributed by Slawomir Skrzypek, Business Development Director – Fujitsu EMEA Center of Excellence for Interstage XWand. Fujitsu, a Sustaining Partner of XBRL International, ran its 3rd Annual Interstage XWand Users’ Meeting on March 9th in Dubrovnik last week. The meeting was attended by representatives of regulators, filers, software vendors, and software integrators from over 20 countries. Attendees had a […]
The debate on regulating innovation is often laden with prejudices and undue simplifications. Chair of the EBA, Andrea Enria, recently spoke on how the European Banking Authority expects supervision and regulation of the Fintech market will work. Identifying the inherent problems of both the strict need to protect the financial system and citizens and the […]
The CFA Institute’s Mohini Singh suggests to the use of digital header information in Inline XBRL format for a range of filings that are not currently tagged. She also advocates the use of the LEI within US regulatory filings.
The German Central Bank, the Deutsche Bundesbank, has been working with German banks to help create a central platform of XBRL financial statements for credit assessment and analysis.
The Amman Stock Exchange is the latest MENA venue to announce that it is turning to XBRL for digital market disclosures, with the new system to be up and running later this year.
Chairman of the global Financial Stability Board and Governor of the Bank of England, Mark Carney, was just one of the leading regulators around the world to call for new measures to reign in cryptocurrencies this week. Mr Carney warned that a range of crypto assets are exhibiting the “classic hallmarks of bubbles”. In a speech […]
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