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.
XBRL US has joined a US Department of Energy initiative to set data standards for the solar industry.
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.
The Australian Tax Office has begun transitioning preparers towards exclusive use of a new reporting channel that will further advance SBR in that country.
XBRL US is seeking public comment on five new sets of validation rules to address common XBRL input errors.
The XBRL Best Practices Board has published the first public draft of a glossary that aims to provide clear and simplified terminology for XBRL concepts, aimed at business users rather than software developers.
Fujitsu has released an article on the issues facing both regulators and market participants with regards to Solvency II. “Solvency II – Ensure Compliance” provides a comprehensive overview of the approach taken by regulators, including EIOPA and National Competent Authorities, along with concrete examples of compliance efforts by the Financial and Capital Markets Commission of Latvia and […]
In a speech setting out priorities for his second term, IASB Chair Hans Hoogervorst outlined plans to prioritise improvements to the communications of financial statements. Of particular interest to the XBRL community will be the continuation of the Disclosure Initiative, along with a focus on digital reporting and non-financial reporting. You can read Hoogervorst’s speech here.
The Dutch central bank (DNB) has released the DNB-OTC taxonomy for the collection of data on Over-the-Counter (OTC) derivatives traded by the largest Dutch banks.
The latest version of the IASB’s Due Process Handbook includes some important changes regarding procedures for the development and maintenance of the IFRS Taxonomy. These are significant governance developments and reflect the growing importance of structured data disclosure in financial reporting worldwide. The Board itself will now have the responsibility to review and approve core IFRS […]
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