In May, the UK’s Financial Reporting Council (FRC) Lab released a report on the first phase of the Digital Future Project. This set out a framework which will be important to embed into any future system for digitally enabled reporting. As part of the Lab’s Digital Future Project, a roundtable regarding XBRL will be held […]
This week we are delighted to announce that the XBRL International Software Certification Programme has been launched. The certification framework has been designed to provide international assurance about the interoperability of software that produces or consumes XBRL of all kinds. Vendors that would like to be amongst the first to be able to announce that […]
Still not sure what Inline XBRL is or why its important for securities regulators and business registrars, or indeed anyone that wants to produce a report unique to their organisation that can still be read broadly? Have a look at this short video from the SEC, which demonstrates just some of the capabilities of Inline XBRL, in […]
We are pleased to announce that XBRL Russia was confirmed as a full jurisdiction of XBRL International at last Friday’s meeting of the Board of Directors. XBRL Russia is supporting the roll out of digital business reporting within the Russian Federation. It will concentrate on education and training of the financial sector, with some 17,000 non-bank […]
The South African regulator, the CIPC, continues to make progress on its XBRL programme. Having published a taxonomy in 2016, the project team has now run a road show in a number of cities, as well as via webinars, and has run a seminar for the top 100 companies listed on the Johannesburg Stock Exchange on […]
Countries with XBRL mandates that cover all of their listed companies have an astonishingly rich source of data about their markets, in terms of individual companies and long term trends. This is invaluable information for investors, analysts, regulators and policy makers, not to mention the academic community. Making the news this week is a research […]
Making news around the world this week was the UK’s Information Commissioner Office (ICO) ruling on a contract between Alphabet’s DeepMind and one of the UK National Health Service regional trusts. Part of a trial to determine the utility of artificial intelligence in the delivery of medical services, the DeepMind system uses a mobile app […]
An additional set of business rules have been released by XBRL US this week for review and implementation. Machine executable rules that cover the business logic of business reports and catch mistakes at source are a key part of reporting with XBRL and XBRL US’s Data Quality Committee is filling the gap that exists in the […]
Preparations for 2020 have already started at the European Securities and Markets Authority, which announced this week that it is seeking volunteers for Inline XBRL field tests. These will consist of transforming annual financial reports from issuers into Inline XBRL documents, in accordance with ESMA’s draft of the European Single Electronic Format (ESEF) specification. Annual […]
The International Monetary Fund (IMF) has published a staff discussion note on ways that distributed ledger technology can improve the global economy. What impact might FinTech have on financial services and how should regulators respond? In its paper, the IMF sets out an economic framework for thinking through the channels that FinTech might provide solutions. […]
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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.
