The European Banking Authority (EBA) manages the COREP/FINREP taxonomies that govern the collection of banking data across Europe. To help control one of the larger financial risk reporting frameworks in the world, the EBA uses a Data Point Model data dictionary to simplify and harmonise reporting needs. The DPM, in turn, constrains and controls the […]
Integrated Reporting is gaining traction across the world, with companies within every OECD and BRICS nation amongst those that are using an integrated thinking approach to develop reports that describe their purpose and business model, addressing a range of stakeholders that goes well beyond traditional investor reports. As the name suggests, Integrated Reports seek to provide […]
The Netherlands is the first country in the world to require companies to file XBRL based annual reports with an accompanying electronically signed XBRL-formatted auditor’s opinion and those reports are now starting to be filed. The reports must be submitted to the Dutch Chamber of Commerce within the Netherlands SBR framework in XBRL. The new […]
South Africa’s CIPC has mandated the use of Inline XBRL-based reporting for all qualifying South African entities from 1 July this year. The program aims, over time, to reduce the administrative burden on businesses as they report financial information for regulatory compliance and at the same time to further improve transparency for investors. Ahead of […]
The IIRC Council Meeting preceded a joint Global Conference of the IIRC and the International Corporate Governance Network (ICGN), also held in Tokyo. The ICGN is a highly influential group representing some USD 26 Trillion in assets under management, with wide representation including institutional investors, pension funds, corporates, policy makers and academia. The focus of the meeting […]
With an eye on innovation and competition, Canada’s government is set to conduct a review into the merits of introducing an Open Banking regime which would give consumers the ability to share their financial data with chosen third parties. It is hoped that by making it possible for people to open up access to their […]
How technology can make the current system of regulatory reporting more accurate, efficient and consistent.
It is difficult to overstate the importance of cybersecurity in today’s digital world. Indeed, you would be hard-pressed to find an institution that does not fundamentally rely on the protection of their digital information and assets for their ultimate longevity. With an acute awareness of the risks surrounding this issue, the Securities and Exchange Commission […]
Apparently, most people worry that they are not paying the right amount of tax, and are unsure whether they understand the requirements accurately. According to a a survey run by Accenture, nearly 70 percent of taxpayers would like to see artificial intelligence improve the accuracy of tax filings. There’s more here.
Don’t forget that the XBRL International Nominations Committee is looking for applications from suitable qualified senior professionals to join the XBRL International Board. The Board of Directors is comprised of senior leaders and experts with broad international experience in financial, business and regulatory reporting, accounting, technology and standards setting. The Nominations Committee is particularly interested […]
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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.
