The use of XBRL for sustainability reporting got a boost as the World Bank has started publishing its own annual sustainability report in XBRL using the GRI Taxonomy.
Cees de Boer has been elected to chair the Board of Directors of XBRL International. John Dill will serve as Vice Chair and Robert Tarola as Treasurer.
Developers, Taxonomists and Specification Specialists — Please Read! The Base Spec Working Group has released an initial requirements document that seeks a standardised way to control ordering between multiple independent networks of relationships in a taxonomy and a mechanism to control the ordering between such concepts at the root. Access the document
FASB has released the 2015 US GAAP Financial Reporting Taxonomy (Pending SEC Acceptance). Major changes were confined to those related to Accounting Standard Updates, and input from the Insurance Industry Resource Group to remove redundancies. The increase in deprecated elements in comparison to the 2014 Taxonomy is the result of a review to reduce unused and redundant […]
New “In Sync” updates from the IASB – The International Accounting Standards Board (IASB) has published for public comment the Exposure Draft Disclosure Initiative (Proposed amendments to IAS 7). This Exposure Draft includes proposed changes to the IFRS Taxonomy to reflect the effect of the proposed amendments to IAS 7. This is the first time that proposed […]
The XSB has approved the Transformation Rules Registry v3 to Candidate Recommendation status, introducing further support for a number of international date and number formats. This registry defines how the preferred presentation of values in Inline XBRL documents is converted to the standardised formats required by XBRL data types. This specification is ready for implementation and feedback on […]
The EBA website has published a wealth of information about options and national discretions applied by EU National Competent Authorities as part of the Capital Requirements Directive (CRDIV) for bank supervision. The national variability displayed is a good example of the challenges faced both by internationally operating banks and the regulators themselves. The summary table is probably a good […]
Australia has a Ministry of Small Business, and its chief – MP Bruce Billson – is embracing a plan by the National Australia Bank, calling for the abolition of Business Activity Statements, which are quarterly returns on Value Added Tax inputs and outputs. Billson also has Standard Business Reporting on his radar as another way to make […]
As we reported recently, there is a proposal within the International Organization for Standardisation (ISO) to start a new effort to create an international standard for audit evidentiary data for internal and external audit. In response to this development, XII convened a task force to define our position on this issue and make recommendations regarding a suggested response by […]
Spain has taken significant step forward in terms of open data and government transparency by making structured data from Annual Financial Statement filings freely available online.
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