At the opening of its annual Data Amplified conference on the future of business reporting, XBRL International, Inc. announced the first software applications to achieve XBRL Certified Software™. status.
You want to be part of the key conversations that will shape business reporting going forward. You want to hear about the convergence of new technologies and XBRL. You want to apply standardisation to make regulatory, financial, compliance, ESG and enterprise reporting work in a digital age. You belong at Data Amplified. Just around the […]
At the Public Company Oversight Board (PCAOB) Investor Advisory Group meeting in Washington DC this week, a presentation by IAG member (and XBRL International Board Member) Bob Tarola described the importance of ensuring that digital financial statements in Inline XBRL are subjected to external review. The public meeting, attended by SEC Chairman Jay Clayton, the PCAOB […]
The Spanish Ministry of Economy (Ministerio de Economía, Industria y Competitividad) has organised a roundtable and conference in Madrid for November 30th, 2017. The topic will be: “Taking advantage of financial reports: Analysis tools available to the public and the advantages of XBRL”, and will include speakers from Banco de España, and the Universidad Complutense […]
Another topic that the PCAOB heard from Investors about this week was the question of Non GAAP Financial Measures — key performance indicators and other analytics that frequently appear in Earnings Releases and are increasingly relied upon by investors. Measures like EBITDA. The problem? These measures are not defined consistently and are not subject to […]
With the obligation to deposit annual accounts in the XBRL format becoming mandatory for medium-sized firms as well as smaller legal entities for accounts prepared for the fiscal year ending 31 December 2017, XBRL Netherlands has organized a workshop for SME’s to help! Details here.
The Netherlands Institute of Chartered Accountants (NBA) has published a new version of the Dutch XBRL taxonomy for accounting statements in order to better meet the requirements of its SBR Assurance solution. This new taxonomy must be used from 1 January 2018 in the preparation of digitally audited financial statements. This impacts a large number […]
The 8th XBRL Asia Roundtable was held as a joint program with the Asian Development Bank (ADB) in Manila, Philippines in the second week of October. Day one of the program started with a launch of ASEAN+3 Bond Market Guide for Philippines and updates from ASEAN+3 Bond Market Forum (ABMF). The meeting deliberated on different […]
The SEC’s Division of Economic and Risk Analysis (DERA) has compiled and analysed XBRL exhibits from US issuers that are submitting XBRL and Inline XBRL to that regulator. The analysis covers a three-year period, from March 2014 to December 2016. The data shows a very modest contraction in the number of custom tags or “extensions” […]
Research undertaken by McKinsey & Company and GLEIF estimates that the wider adoption of Legal Entity Identifiers (LEIs) could yield annual savings of over $150 million in the investment banking industry and up to a further $500m for banks in the issuance of letters of credit. The resulting white paper estimated that annual savings in […]
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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.
