Recess is over! Time to focus on the future of business reporting. It’s September and in the Northern hemisphere the temperatures are beginning to cool down and people are back at work. With financial regulators working to improve the way they analyse data collected from regulated firms, and securities regulators, exchanges, business registrars and corporates all focussed on […]
Don’t miss this week’s guest post from CFA Institute Director, Financial Reporting Standards, Mohini Singh. Her post this week summarises a new position paper entitled “The Cost of Structured Data: Myth vs Reality”.
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 […]
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, […]
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 […]
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 […]
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 […]
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.
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 […]
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.
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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.
