It’s been said that artificial intelligence – AI – replaces the need for structured data, but we believe that idea could not be further from the truth. It is certainly possible to skip digital tagging and use AI to get answers out of unstructured data, but they are often not very good answers.
Numerous countries use Inline XBRL as the gold standard for IFRS-based financial reporting. In particular, in Europe we now have two years of experience of the European Single Electronic Format (ESEF) – and some interesting insights from that are discussed above.
How many decisions do you make in a day? Hundreds? Maybe thousands? Of course, it all depends what you mean by a decision, and estimates vary between 27 and 35,000… But one thing is clear: humans are decision makers. And that means humans need data.
So much is happening in the world of reporting right now. It is exciting, unbelievable, and – frankly – sometimes overwhelming.
There has never been a greater need for high quality, high utility digital reporting to drive better decision making. In 2023 the fragility of the global economy and the global environment are sharply in focus. Data Amplified features presentations, interactive sessions, and panels with expert speakers from around the world, together with substantive networking opportunities.
XBRL International is delighted to be able to announce that Data Amplified, the annual conference on the future of business reporting, will be held on 16 and 17 October 2023 in Zurich, Switzerland.
During a panel at Data Amplified Virtual 2022 Richard Bossen (AMANA) and Owen Jones (IFRS Foundation) and Stuart Rowan (XBRL International) tackled the current challenges – and suggested potential solutions – facing sustainability standard setters now.
With the Corporate Sustainability Reporting Directive (CSRD) recently passing into EU law, at Data Amplified Henrik Sandin, Director and principal ESG Specialist at Workiva, shared his insights into what this is going to mean for filers in upcoming years.
Digital Sustainability Disclosures are on their way right around the world. That was the overriding message at our Data Amplified Virtual event on Wednesday.
This is a guest post by Jacques Urlus, policy advisor IT & Audit at the Royal Netherlands Institute of Chartered Accountants (NBA) and Vice Chair of our Dutch jurisdiction, XBRL NL. Based on his presentation at Data Amplified Virtual on 16 April 2021, he discusses his unique and groundbreaking work with the NBA on audit of […]
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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.
