The US accounting standards setter, FASB, is seeking comments on the efficiency and effectiveness of the US GAAP taxonomy. With the FASB’s international counterpart, the IASB, having moved over the last year or so to more tightly integrate the process for the development and maintenance of its accounting standards with the concurrent development, maintenance and […]
The Central Bank of Russia is leading the modernisation and digitisation of the financial sector in that country and the use of XBRL for data collection is a key part of this initiative. The XBRL Russia website (it translates very effectively in Chrome) has recently been formally launched and contains a wealth of information about […]
Professors (and brothers) Rani and Udi Hoitash propose a simple way to measure “financial complexity”. The idea of financial complexity is pretty much what it sounds like: the more complex a financial disclosure is, the more likely that it is impossible for the professionals responsible for it to properly understand all of the relevant accounting […]
Machine Learning technology might take the drudge work out of many occupations, and might in turn, reduce the number of jobs that require low level skills. But if that happens, how do junior and new employees gain the skills required for higher level roles that require knowledge and judgement? Skills that today are developed while […]
The annual conference for the global XBRL community, is now open! Data Amplified is where the world’s most influential accounting professionals, policy makers, standards setters, regulators, technologists, issuers and innovaters meet to define the future of business reporting. Register today to join us in Paris between 6 and 8 November 2017 for this year’s most important event in our […]
This week XBRL International has released a new draft LEI taxonomy. The LEI taxonomy is intended to provide a single and consistent way for regulators (and companies) to use LEIs within XBRL reports.
The U.S. Senate voted on Tuesday to confirm attorney Jay Clayton to head the Securities and Exchange Commission (SEC). Mr Clayton has a long career as a Wall Street attorney, including as a Partner in the prominent law firm Sullivan & Cromwell. At his confirmation hearing Mr Clayton indicated that his work would include a […]
Chaired by Michael Bloomberg, the FSB Task Force on Climate-related Financial Disclosures (TCFD) is due to publish its final report in July. The TCFD is developing voluntary, consistent, climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. One of TCFD’s main challenges is to create a […]
The SEC is seeking input on its proposals to switch from XBRL to iXBRL for financial statement filings for companies and mutual funds. The practical impact of this change would include a shift from “dual” filing, in which an HTML financial disclosure is filed as well as a separate XBRL document. Instead a single Inline […]
UK Companies House XBRL Data is central to the business model of a new startup. Populous claims to be an invoice factoring and trade finance platform being built using the latest in blockchain technology. Using free financial statement data available in XBRL format for UK companies, the young team seeks to pool financing via an ether-based […]
Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.
By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy
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.
