Will RegTech mean that regulatory compliance becomes vastly simpler? Or will enhanced corporate data management capabilities instead mean that regulators will collect more information, more frequently? What steps do national regulators,issuers and auditors need to take to get ready for the ESMA ESEF mandate? What improvements to the way that XBRL works are being made to modernise and simplify […]
This week, the SunSpec Alliance and XBRL US announced the launch of a 30-day public review period for the initial draft of their Orange Button taxonomy for solar financing. The taxonomy, developed as part of the U.S. Department of Energy SunShot Initiative’s Orange Button program aims to make it easier to aggregate and share data about […]
The Sustaining Partnership program is a very tangible way that members can contribute to XBRL’s goals to improve business reporting, worldwide. Sustaining Partnerships are a special category of membership over a minimum three year period. XBRL International CEO John Turner said “We are delighted to announce that Workiva is one of the first wave of […]
This half-day forum provides practical information about where you can get structured data on US and non-US companies, on who’s using this data today, and a step-by-step discussion on how to get started using XBRL data. Hosted by Baruch College’s Zicklin School of Business in New York, NY. The program is being developed by XBRL […]
A new regional collaboration to investigate and implement Standard Business Reporting has been launched in the Nordics. Dubbed Nordic Smart Government, it aims to transform the way that data is collected and used between business and government as well as business to business. Initial efforts call for: A refined Business Case, starting by estimating B2B benefits […]
According to the European Banking Federation, 9000 bank branches closed across Europe last year. It seems that given the choice between lining up at a branch, or banking through internet, app or ATM… the customers have spoken. It’s a stark example of the impact of digitisation. Where are the next changes going to happen? Are […]
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, […]
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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.
