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BearingPoint Establishes Presence in Portugal

By Dave Nitchman on 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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SpecXII News

Feedback Sought on Units Registry Specification

By Dave Nitchman on August 18, 2016

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

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IASBIFRSTaxonomy

New IFRS Taxonomy Translations

By Dave Nitchman on 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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EnergyFinancial DisclosureUnited States

New Taxonomy to Promote Better Financing in the Solar Industry

By Dave Nitchman on 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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Business RegistryCentral BankEuropeSMESpain

Standardised Credit Scores for Spanish SMEs put into effect

By Dave Nitchman on 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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AustraliaSBRTax

Australian Tax Preparers get SBR Deadline

By Dave Nitchman on 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 QualitySECUnited StatesValidation

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

By Dave Nitchman on 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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GuidanceSpecTaxonomyXII News

XBRL Glossary Released for Public Comment

By Dave Nitchman on July 8, 2016

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.

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MEMBER NEWS
Solvency II
MEMBER ANNOUNCEMENT

Fujitsu Releases Paper on Reining in Risks and Costs Associated with Solvency II

By Dave Nitchman on July 1, 2016

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  […]

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disclosuresIASBIFRSNon-Financial

IASB to Focus on Communicating Financials

By Dave Nitchman on July 1, 2016

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.

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