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State of Indiana takes first steps towards SBR

By Editor on July 28, 2017

SBR or Standardised Business Reporting is a proven way to reduce red tape cheaply and effectively. The strategy is a simple one: find all of the duplicative reporting requirements in government, analyse the definitions that are similar but not identical, and work to conform or harmonise those definitions. If a government has five different agencies that collect information […]

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Catching Out the Fraudsters

By Editor on July 28, 2017

Over on the CFA Institute blog, there is a cautionary tale from Norb Vonnegut, parsing three key lessons from the Bernie Madoff ponzi scheme. Useful for regulators (of all kinds) and investors alike, it’s worth a read. He points out that these kinds of financial frauds: provide what is really a sales pitch wrapped up as due […]

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EIOPA

EIOPA Publishes the Final Taxonomy version 2.2.0

By Editor on July 28, 2017

Right on schedule, the European Insurance and Occupational Pensions Authority (EIOPA) has published the final 2.2.0 version of the EIOPA XBRL taxonomy. The Taxonomy is here. The guide is here. For more general information, look here.

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XBRL securities filings means corporate narrative gets to investors faster, more accurately

By Editor on July 21, 2017

An in depth interview with Bloomberg’s Global Regulatory Monitor, Mr Emil Efthimides in this week’s Dimensions report from Merrill Corporation (registration required) should be of interest to regulators, companies and accountants alike. Bloomberg already pulls XBRL data directly from Japan, Korea, China, Taiwan, Israel, Mexico and Brazil, but it has now been consuming the more complex […]

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Fishy Technology

By Editor on July 21, 2017

At XBRL we have long advocated the advantages of using digital reporting technologies well beyond the financial world; switching from paper to data as a means to increasing revenue, reducing costs and increasing productivity. As a case in point, the use of Blockchain is being pushed well and truly into new waters within the global fishing […]

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IFRS Taxonomy

Illustrative tagging for IFRS 17 Insurance Contracts

By Editor on July 21, 2017

The IFRS Foundation has published illustrative tagging for the proposed IFRS Taxonomy Update IFRS Taxonomy 2017—IFRS 17 Insurance Contracts. The illustrative tagging shows how selected information from the Examples accompanying IFRS 17 could be tagged using the proposed IFRS Taxonomy Update. It is published in XBRL and iXBRL (inline XBRL) formats. You can download the […]

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DQCXBRL

Public Review of the DQC 5th RuleSet & Cash Flow Guidance

By Editor on July 21, 2017

XBRL US has announced that the Data Quality Committee (DQC) has initiated a public review for the fifth set of freely available proposed rules in addition to a detailed guide on how to prepare XBRL-formatted cash flow statements that deliver quality financial information. A webinar will be held on August 2nd for a review of […]

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SEC

SEC Announce EDGAR Upgrade and Removal of Support for earlier versions

By Editor on July 21, 2017

Staying with the US, on 17th July, the SEC upgraded the EDGAR system with the release of version 17.2. This latest version no longer provides support for the 2015 US GAAP financial reporting taxonomy, 2013 COUNTRY taxonomy, 2014 CURRENCY taxonomy, or the 2015 EXCH taxonomy. Please see the SEC website for a complete listing of currently […]

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xBRL-CSV

Lots of Data? Need Quality and Comparability? xBRL-CSV is here

By Editor on July 14, 2017

On 2nd May, the XBRL Standards Board approved a Public Working Draft of xBRL-CSV, a new standard for representing XBRL data using CSV. At first glance, CSV might seem like a legacy technology, but it’s got a lot of things going for it. Firstly, it’s simple. In fact, it so simple that it’s supported just […]

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GLEIFLEI

LEI continues to grow in importance

By Editor on July 14, 2017

The Global Legal Entity Identifier Foundation (GLEIF) has recently published a list of current and proposed initiatives using the global LEI for regulatory reporting and supervision. Authorities in individual jurisdictions mandate the use of these increasingly important pieces of reference data. GLEIF is monitoring the initiatives and will continue to update this list regularly. At […]

Latest News

State of Indiana takes first steps towards SBR

Catching Out the Fraudsters

EIOPA Publishes the Final Taxonomy version 2.2.0

XBRL securities filings means corporate narrative gets to investors faster, more accurately

Fishy Technology

Illustrative tagging for IFRS 17 Insurance Contracts

Public Review of the DQC 5th RuleSet & Cash Flow Guidance

SEC Announce EDGAR Upgrade and Removal of Support for earlier versions

Lots of Data? Need Quality and Comparability? xBRL-CSV is here

LEI continues to grow in importance

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