This article was originally published on LinkedIn here. AI is an extraordinarily important new technology, but it is not a magic wand. As the CSRD negotiations enter their last stages, some MEPs are wondering whether AI can replace digital reporting. The answer is ‘no’, but it is its natural complement. As the EU seeks to encourage […]
If you’re reading this, you probably don’t think of digital reporting as just more annoying paperwork. But a few people do – and their objections could conceivably limit digital progress in Europe.
Europe risks losing ground. Digital reporting isn’t “extra paperwork” — it’s the digital key to corporate transparency, enabling information to be discovered, compared, and trusted at scale. Inline XBRL (iXBRL) can be read directly by people, yet also reliably processed by machines. It’s the modern starting point for trusted corporate data. Many jurisdictions have already […]
Australia’s productivity growth has been slowing for more than a decade. To tackle it head-on, the Federal Government asked the Productivity Commission (PC) to run five major inquiries under its five-pillar productivity growth agenda.
The UK is set to close a major digital gap in financial reporting. From 1 April 2027, all private and public company accounts must be filed via commercial software, under new measures introduced by the Economic Crime and Corporate Transparency Act.
At yesterday’s XBRL Europe day, part of this week’s Digital Reporting in Europe event, Eduardo-Javier Moral Prieto provided an update on ESMA’s work on the implementation of the next stage of digital reporting in Europe.
In May 2025, the UK’s Financial Reporting Council (FRC) published its Feedback Statement on “Opportunities for Future UK Digital Reporting,” summarising responses to its consultation that closed in November 2024.
The European Securities and Markets Authority (ESMA) is reminding stakeholders to submit their views by 31 March 2025 on proposed updates to digital reporting rules.
If you haven’t had a chance to check out our recent blog on digital signatures yet, it’s worth a read. Our CEO, John Turner, discusses the increasingly critical issue of trust in corporate reporting and how we’re tackling it with a new global standard for digital signatures.
Creating digital reports often involves making explicit certain information that legacy, analogue, reports leave implicit. While human readers can infer meaning from context and convention, XBRL requires data to be precise and unambiguous to ensure machines interpret it accurately.
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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.
