The balance between business confidentiality and transparency in reporting is a constantly disputed and ever-changing one. With that in mind, we are interested to note a recent announcement by the Australian Prudential Regulation Authority (APRA), affirming that it will publish entity-level data on authorised deposit-taking institutions – or in other words, banks.
Should Australia go digital, and why? A recent webinar on digital financial reporting from the Australian Securities and Investments Commission (ASIC) covered international developments in reporting and opportunities for Australia – and makes worthwhile viewing whether or not you’re Down Under!
The Australian Prudential Regulation Authority (APRA) has confirmed that its new data collection system, APRA Connect, will launch in September 2021.
The Australian Prudential Regulation Authority (APRA) has released a response paper and final reporting standards for Phase 1 of its multi-year Superannuation Data Transformation (SDT), superannuation being Australia’s term for compulsory employee pensions.
It’s all systems go once more at the Australian Prudential Regulation Authority (APRA), as it resumes overhauling its core financial data collection system following a nine-month pause. The new platform, APRA Connect, is now set to go live in September 2021.
Countries as distinct and distant as South Africa, the US, China, Korea, Japan, UK and the EU have embraced the digital era of financial reporting for public companies – but not Australia. What’s keeping Australia from going down the digital path?
The Australian Prudential Regulation Authority (APRA) has proposed an update to its reporting requirements around Credit Risk Management, designed to improve APRA’s ability to monitor risk. The updated draft ARS 220.0 will collect more detailed and granular data on authorised deposit-taking institutions (ADI’s) credit exposures and provisions.
The Australian Prudential Regulation Authority (APRA), which oversees Australia’s financial sector, is planning to align its prudential standards for insurance companies with international insurance standards.
With the UK, US, Europe, Japan and many other jurisdictions mandating XBRL-based digital reporting, is it time for Australia’s accountants to push for similar steps there?
As meetings move online, businesses scramble to offer digital services and the world gets used to working remotely, Australia and Singapore have concluded a sign-of-the-times virtual meeting by signing the Australia-Singapore Digital Economy Agreement (DEA). The DEA is designed to reduce barriers to and increase the benefits of digital trade and the digital economy. It […]
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
