Data is the lifeblood of any organisation. Today, companies, regulators, accountants and business advisors are striving to reshape the way that data is managed and reporting works to take advantage of modern technologies, evolving data management techniques and new ways to make standardisation work. Hosted by XBRL International, the global Data Amplified conference is designed […]
With XBRL reporting capabilities well and truly bedding down within banks across the EU, the European Central Bank has started to extend the use of the standard, with the first of its own taxonomies. The new initiative allows reporting of additional information required to fill some reporting gaps amongst smaller financial institutions. The ECB joins […]
Recently, there has been a research conducted by an official of the National Bank of Cambodia on a comprehensive plan for reform of its off site surveillance and monetary policy data collection functions that will see that central bank shift to utilise XBRL for data collection from banks and other deposit taking institutions over the […]
XBRL International is seeking expert candidates to fill open positions on the Best Practices Board (BPB). The BPB actively manages the production, dissemination and continual improvement of guidance materials. Interested? Please read more here, submit your CV or nominate someone you know. Submissions must be sent to nominate@xbrl.org.
Complex project finance programs involve multiple parties such as developers, investors, utilities, and contractors, with a tremendous amount of information changing hands, that must be tracked over multi-year contracts that can run from 20 to 25 years in length. The “Orange Button” is an effort to use XBRL to define data standards to bring down […]
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.
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 […]
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 […]
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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.
