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 […]
Companies should treat structured data disclosure as a new and welcome channel for getting their investment message across.
A couple of weeks back the New York Society of Security Analysts’ (NYSSA) Financial Reporting and Analysis Group hosted a workshop on using XBRL to expedite and ease financial reporting and analysis. That workshop is now online and we highly recommend it to: investors and analysts regulators standards setters; and XBRL professionals and vendors Presentations […]
The Bank of Israel is interested in receiving information regarding existing solutions in the market for building and managing XBRL taxonomies as well as support and consultation for the taxonomy developed at the Bank. The Bank invites suppliers with the appropriate knowledge, expertise, and experience to submit a solution to this request, as detailed in the […]
Policy makers in some countries are sufficiently concerned about the “90 day strategic horizon” that quarterly reporting might impose on management and boards of public companies that they have removed the requirement to report on a quarterly basis. The UK introduced quarterly reporting requirements (although it did not mandate specific financial disclosures), doubling the reporting […]
Last week we reported that Canada’s central bank has decided that distributed ledger technology is not ready to replace existing inter-bank payment infrastructure. Well, it’s a competitive world. Singapore’s central bank, the Monetary Authority of Singapore this week announced that it is moving forward into the second phase of it’s “Project Ubin”, after a successful initial […]
The IFRS taxonomy team has published a set of labels in Ukrainian for the IFRS 2017 taxonomy. With several new XBRL projects under development in that country in the coming months, this is excellent news. To further assist, the updated Ukrainian labels include an IFRS illustrated taxonomy. Need the new labels? The IFRS website has […]
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