Qatar Exchange mandates XBRL Disclosures
Qatar is set to shortly join the many markets around the world that mandate the XBRL standard and benefit from increased data transparency, accuracy and utility.
From the beginning of October all Qatar Stock Exchange (QSE) listed companies will be required to file their financial and non-financial disclosures via the XBRL-based online Q-Disclosure platform. The platform is fully aligned with the IFRS standards and includes sector-specific taxonomies.
While no significant changes have been made to the information that companies are required to report, the machine-readable data submitted to the Q-Disclosure platform will be vastly more useful and investor-friendly.
It’s great to see yet another country implementing XBRL for securities filings and allowing for more efficient data collection, retrieval and analysis. We look forward to following the Qatar Exchange’s progress as they get to grips with the new, standardised data collection system.
Read more here.