As business reporting becomes fully digital, trust can no longer be implied. It has to be proven. This week Tom Wacha of Workiva, and a member of the XBRL Best Practices Board, shared his thoughts on how XBRL digital signatures can strengthen confidence in regulatory filings.
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.
This article was first published in the Summer 2024 issue of ThinkTWENTY20. It is authored by John Turner, CEO of XBRL International. Corporate reports provide vital information on business performance, governing a wide range of decisions by investors, regulators, creditors, customers and other stakeholders. Reports can have an enormous impact on an organization’s value and […]
Digital signatures play a crucial role in ensuring the integrity and authenticity of digital business reports. These reports, which can significantly impact an organisation’s value and reputation, require a high level of trust. Digital signatures provide verifiable proof of a document’s authenticity and integrity, ensuring that it hasn’t been tampered with since being signed.
Digital business reports created in XBRL undergo careful preparation, involving a number of skilled individuals, specialised systems, and robust controls to ensure accuracy. As these reports can directly impact an organisation’s value and reputation, preparers, auditors, regulators, and end users must have assurance that the reports remain unaltered and reliable. Bridging this need for trust […]
A blog post by Global Legal Entity Identifier Foundation (GLEIF) CEO Stephan Wolf provides a tantalising view of a new approach to digital identity for business reports (amongst countless other things).
The XBRL Standards Board has this week approved for release, as a consultation draft, the first deliverable of the Digital Signatures in XBRL Working Group (or… umm… D6WG). The requirements document has now been published. What’s this about? Is it important? Glad you asked. And Yes.
The new Digital Signatures in XBRL Working Group is now set to hold its first meeting in the coming weeks, and we would like to welcome any additional members who want to be fully engaged on this important question from the get-go.
The Global Legal Entity Identifier Foundation (GLEIF) marked a milestone this week with the first ever use of the verifiable Legal Entity Identifier (vLEI), in the signing of its 2021 annual report.
XBRL Sweden (or XBRL SE) has released the results of its latest survey, carried out from November 2021 to February 2022, on digital signature services.
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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.
