The CFA Institute has written to the SEC, strongly supporting the shift to Inline XBRL in the US. The letter suggests that “any data that is valuable enough to be required, and is used by investors and analysts should be reported in computer-readable form.”
Japan is moving towards the mandatory filing of a range of Environmental reporting measures in XBRL format, drawing on both the CDP and GRI taxonomies. Leading member of the Japanese XBRL community, Yoshiaka Wada, (now with NTT Data) provided an update on the operating proof of concept that currently collects data from more than 260 […]
As you may recall, on 10 May 2017, an Invitation to Comment (ITC) was issued for an efficiency and effectiveness review on the US GAAP Financial Reporting Taxonomy. Many of those comment letters have now been received and are available on the FASB website. This will be followed up with a roundtable on 18 July […]
India’s largest exchange, the BSE (formerly the Bombay Stock Exchange) continues to shift from legacy formats to XBRL. Starting from July 1, 2017, all listed entities with the BSE will be required to make their reconciliation of share capital audit report in XBRL format. The Exchange provides an Excel utility to assist, but can also […]
A co-operative effort between Banco de España, XBRL España, and the AECA has created a set of industry-specific KPIs to help enhance the productivity of Spanish small and medium sized businesses.
More than 200 regulators, policy makers, accounting/regulation specialists and software vendors descending on the impressive European Central Bank conference centre in Frankfurt this week to discuss standardisation in regulatory reporting of all kinds. We have news from the event today, and will have much more in next week’s newsletter, with links to presentations arriving this […]
XBRL International’s new specifications were front and centre in a number of presentations at the XBRL week in Frankfurt. The XBRL CSV and the XBRL JSON specifications are designed to help make the standard more accessible to more systems.
Last week, the European Securities and Markets Authority unveiled the first details of its plans for digitisation of reporting for listed companies in Europe that report in IFRS.
The next step in the evolution of the Legal Entity Identifier has commenced with locally authorised LEI issuers (known as LOUs) now seeking information about the relationships between companies and their parent-entities. Over time this reporting will develop an extensive network of “Who owns Whom” connections which will provide new ways to understand counterparty risks […]
The Nikkei Newspaper company is using Artificial Intelligence to generate financial summaries published to their website. The AI Reporter, as it is called, generates articles by extracting numerical data from the XBRL filing as well as summarising sentences around sales and profits from the text. Additional summary text is then generated from an analysis of the […]
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