Machine Learning technology might take the drudge work out of many occupations, and might in turn, reduce the number of jobs that require low level skills. But if that happens, how do junior and new employees gain the skills required for higher level roles that require knowledge and judgement? Skills that today are developed while […]
The annual conference for the global XBRL community, is now open! Data Amplified is where the world’s most influential accounting professionals, policy makers, standards setters, regulators, technologists, issuers and innovaters meet to define the future of business reporting. Register today to join us in Paris between 6 and 8 November 2017 for this year’s most important event in our […]
This week XBRL International has released a new draft LEI taxonomy. The LEI taxonomy is intended to provide a single and consistent way for regulators (and companies) to use LEIs within XBRL reports.
The U.S. Senate voted on Tuesday to confirm attorney Jay Clayton to head the Securities and Exchange Commission (SEC). Mr Clayton has a long career as a Wall Street attorney, including as a Partner in the prominent law firm Sullivan & Cromwell. At his confirmation hearing Mr Clayton indicated that his work would include a […]
Chaired by Michael Bloomberg, the FSB Task Force on Climate-related Financial Disclosures (TCFD) is due to publish its final report in July. The TCFD is developing voluntary, consistent, climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. One of TCFD’s main challenges is to create a […]
The SEC is seeking input on its proposals to switch from XBRL to iXBRL for financial statement filings for companies and mutual funds. The practical impact of this change would include a shift from “dual” filing, in which an HTML financial disclosure is filed as well as a separate XBRL document. Instead a single Inline […]
UK Companies House XBRL Data is central to the business model of a new startup. Populous claims to be an invoice factoring and trade finance platform being built using the latest in blockchain technology. Using free financial statement data available in XBRL format for UK companies, the young team seeks to pool financing via an ether-based […]
The IFRS Foundation this week published a new webinar on its Disclosure Initiative. This is a broad-ranging project examining the purpose and effectiveness of disclosure requirements as well as the problems that currently exist in financial disclosures. The webcast covers: the background and objective of the Principles of Disclosure project; disclosure issues identified by the Board; […]
We are seeing more and more private sector initiatives to standardise data collection and management in order to reduce costs and improve analysis. Projects that have nothing to do with regulation.
As expected, the EBA announced this week the availability of its 2.7 Supervisory Reporting Taxonomy, now available from its website. This is the taxonomy that will govern reporting to EU national supervisors and the ECB from March 2018. The taxonomy is available here.
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