IASB Chairman outlines plans for the IFRS “Better Communications” initiative in Brazil. Making digital consumption of financial information easier via the IFRS XBRL taxonomy is one part of this effort.
Australian and Chinese securities regulators ink agreement to exchange information about Fintech and Regtech developments.
The European Banking Authority (EBA) has published an update to the XBRL taxonomy used by banks and national regulators to provide data for supervisory reporting. The update is a corrective modification of the previously published 2.7 taxonomy, which it entirely replaces. The amendments address some technical errors in the reportable content and in the XBRL […]
The SEC has now announced its preliminary 2018 reporting taxonomy following a formal public review of the proposal.
Last week saw regulators, accountants, business reporting professionals and technologists from around the world gather in Paris for Data Amplified, the annual conference presented by XBRL International. Here’s a brief update on the conference and developments around the world, slightly delayed by last week’s exertions. Thank you! We were delighted with the attendance, the quality of […]
This year’s Data Amplified conference did not stop our colleagues from the XBRL US Data Quality Committee (DQC) from keeping busy, having announced the finalisation of a new guidance document for tagging – the Statement of Cash Flow Guidance. Joining this publication are two new automated rulesets designed to help US issuers in the preparation […]
As of November 1st, 2017, the ‘Level 1 LEI-CDF Version 2.1 Concatenated File’ is now the authoritative source for business identification Level 1 data. Level 1 data refers to business card LEI reference information designed to identify ‘who is who’, including the name of the legal entity in question and its registered address. The GLEIF […]
The Bank of Russia’s XBRL final taxonomy of accounting (financial), supervisory and statistical reports for Non-Credit Financial Institutions (NFIs) has been now been published. A wide array of institutions will be obliged to use XBRL to file reports to the Bank from early 2018 onwards, including insurance firms and pension funds. The preliminary XBRL taxonomy […]
Last Monday the first 11 software packages to receive certification from XBRL International were announced. XBRL software certification makes it easier for everyone involved in 21st century corporate, regulatory and enterprise reporting to ensure that information that is prepared in one place can be accurately and seamlessly consumed in another. XBRL International certification builds confidence […]
Australia is currently experiencing a boom in its fintech industry. Over the past 12 months, the median revenue of the sector has tripled, highlighting the impact that startup fintech firms are having on the traditional financial services sector. An EY run Fintech Census included over 166 fintech companies, finding the 200% annual median revenue jump, […]
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