News

News Item

Invitation for review and comment on 2018 GAAP Financial Reporting Taxonomy and Shared Reporting Taxonomy

By Editor on September 8, 2017

The FASB has released the proposed 2018 GAAP Financial Reporting Taxonomy, and new for 2018, the proposed 2018 Shared Reporting Taxonomy (SRT) for public review and comment. FASB’s taxonomies are used by public companies in the US to prepare financial statements for filing to the SEC. The new shared taxonomy is designed to allow US […]

News Item

Improved Specification

By Editor on September 8, 2017

The XBRL Standards Board has approved the publication of Extensible Enumerations 2.0 as a Public Working Draft. Extensible Enumerations allow taxonomies to define concepts that must take their value from a list of prescribed values. Extensible Enumerations provides benefits found in other XBRL features, including multi-lingual labeling, modification of the allowed values by extension taxonomies, […]

News Item

Keeping up with the Pace of Development – A Governmental Perspective

By Editor on September 8, 2017

According to an item in ZDNet magazine, the Australian Tax Office (the “ATO”) is faced with a range of challenges associated with the resilience and stability of their systems as the tax authority moves to embrace a much more connected world. The ATO has been home to a raft of innovations (not least their SBR program […]

News Item

CIPCSouth Africa

1st July 2018 mandate for South Africa

By Editor on September 8, 2017

The Companies and Intellectual Property Commission (CIPC) in South Africa will, as expected, mandate the use of Inline XBRL-based reporting for all qualifying entities from 1 July 2018. The CIPC aims to ensure that South African companies can comply with their reporting obligations while at the same time reducing the burden that these requirements create. Embedding […]

News Item

Basel Committee takes a closer look at Fintech

By Editor on September 8, 2017

The level of investment and innovation that has gone into the Fintech sector over the last few years is extraordinary. And why not? New approaches to almost every aspect of finance – taking none of today’s norms for granted – promises to deliver better services to customers, lower clearing and settlement risks, bypass intermediaries and digitise and automate huge […]

News Item

Did you catch this piece in Accounting Today?

By Editor on September 8, 2017

Just after we put the newsletter to bed for a few weeks, an interview with XBRL International CEO John Turner appeared. It’s an outline of a number of fields that have seen adoption around the world. You can find it here.

News Item

The TODE conference

By Editor on September 8, 2017

Trusted Open Data Ecosystems – will be held in Madrid at the end of this month, presented by Eurofiling. The goal of TODE’2017 is to look into the future of RegTech and discuss key developments within a 10+year time horizon. Participants will learn and discuss the requirements, challenges and solutions necessary to achieve transparent, efficient and […]

News Item

While we are in Switzerland

By Editor on September 8, 2017

Did you know that the Swiss Central Bank is a listed entity? Nope, it was new to us too. Over the northern hemisphere summer the price of that stock went through the roof. The reasons aren’t all that obvious. Anyone got a theory? Read more.

News Item

IFRS

IFRS Releases Updated Business Rules

By Editor on July 28, 2017

An important part of high quality structured data is the application of business rules that uncover simple mistakes and business logic errors. XBRL International urges all regulators to use machine executable business rules in order to significantly enhance data quality. To help environments that report based on the IFRS accounting standards, the IFRS Taxonomy Formula Linkbase […]

News Item

Unit Registry Updated

By Editor on July 28, 2017

Ok… so this might seem mundane, but really, it isn’t. One of the many useful features of XBRL is the ability to enforce consistent measurement. One of the ways that the standard does that is through the Units Registry which is a set of authoritative definitions of units of measure that are machine readable. Many […]

Latest News

Invitation for review and comment on 2018 GAAP Financial Reporting Taxonomy and Shared Reporting Taxonomy

Improved Specification

Keeping up with the Pace of Development – A Governmental Perspective

1st July 2018 mandate for South Africa

Basel Committee takes a closer look at Fintech

Did you catch this piece in Accounting Today?

The TODE conference

While we are in Switzerland

IFRS Releases Updated Business Rules

Unit Registry Updated

Consultations

Open Consultations

News

Latest News

Consultations

Open Consultations

Would you liketo learn more?

Would you like
to learn more?