SEC Guidance
The SEC has updated its FAQs on preparing Inline XBRL documents and issued a new FAQ for Foreign Private Issuers on the preparation of XBRL or Inline XBRL documents using the IFRS taxonomy.
Latest News
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South America is converging on IFRS and XBRL
Milena Castillo Rodríguez provided a very interesting update on developments in South America amongst securities regulators and exchanges as they modernise reporting. With Chile, Peru, Panama, Colombia, Mexico and Uruguay now collecting and republishing data in XBRL format based on the IFRS taxonomy, there is very significant comparability across the continent. Of particular interest: IFRS […]
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CFA Institute seeks mandatory Inline XBRL. Urges audit and more Structured Data
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.”
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Long term investment requires structured non-financial data
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 […]
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US GAAP Taxonomy Roundtable at FASB
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 […]
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BSE continues to expand use of XBRL
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 […]
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How profitable?
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.
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The Eurofiling/XBRL Europe Week
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 […]
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xBRL-CSV and xBRL-JSON
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.
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ESMA Meets the Market
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.
