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FASB Releases Proposed 2017 GAAP Financial Reporting Taxonomy

September 9, 2016

The Financial Accounting Standards Board (FASB) is seeking public review and comment on its proposed 2017 GAAP Financial Reporting Taxonomy. The deadline to submit written comments is 31 October 2016.

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ASIC Pushes for more Data Sharing … and XBRL

September 9, 2016

The Australian ­Securities & Investments Commission (ASIC) thinks that increased sharing of data could ease reporting burdens on business and improve the agency’s ability to meet its regulatory objectives. We agree.

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Swedish Government Makes Commitment to Digital Reporting

September 9, 2016

Economic Development and Innovation Minister Mikael Damberg announced recently that the Swedish government is going to start pushing firms towards digital submission of financial reports, with the aim of making such practice mandatory in 2018.

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MEMBER NEWS
MEMBER ANNOUNCEMENT

BearingPoint Establishes Presence in Portugal

September 8, 2016

BearingPoint, one of Europe’s leading management and technology consultancies, has expanded its coverage with the establishment of a new presence in Portugal. With this step, BearingPoint aims to strengthen existing and develop new client relationships in Portugal and to further enhance its European footprint. Moreover, BearingPoint will be better positioned to address the demand of […]

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Feedback Sought on Units Registry Specification

August 18, 2016

The XBRL Standards Board is seeking comment on the latest version of the Units Registry Specification.

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New IFRS Taxonomy Translations

July 22, 2016

Translations like these help promote IFRS adoption, which continues to grow around the world. It also means that one of the basic capabilities of XBRL is enabled in one of the world’s most important taxonomies.

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New Taxonomy to Promote Better Financing in the Solar Industry

July 22, 2016

XBRL US has joined a US Department of Energy initiative to set data standards for the solar industry.

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Standardised Credit Scores for Spanish SMEs put into effect

July 15, 2016

The Bank of Spain has put into effect regulations for providing a standardised bank credit score to SMEs. The score is based on XBRL company filings from the business registrar combined with benchmark data about the performance of the relevant individual business sector from ECCBSO.

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Australian Tax Preparers get SBR Deadline

July 15, 2016

The Australian Tax Office has begun transitioning preparers towards exclusive use of a new reporting channel that will further advance SBR in that country.

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Data Quality Committee Seeks Public Review of Additional Validation Rules and Guidance for SEC Filers

July 8, 2016

XBRL US is seeking public comment on five new sets of validation rules to address common XBRL input errors.

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