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 […]
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 […]
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.
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 […]
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 […]
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