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Items tagged with "Digitisation"

Now launched for public review: XBRL taxonomy for US local-government reporting

Routine digital reporting by local governments in the US just got a huge step closer. XBRL US and the University of Michigan’s Center for Local, State and Urban Policy (CLOSUP) have issued a ‘commercial-grade’ XBRL taxonomy for local-government reporting.

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ECB welcomes and discusses ESAP proposal

The European Central Bank (ECB) has issued an Opinion on the establishment and functioning of the European Single Access Point (ESAP), as proposed by the European Commission in November 2021.

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SEC expands digital filing rules, bringing XBRL to employee stock trades

The Securities and Exchange Commission (SEC) has adopted new rules on electronic filing, including expanded XBRL reporting, in order “to promote efficiency, transparency, and operational resiliency.”

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Moving on from spreadsheets: the transformation of ESG reporting processes

We found food for thought in a recent survey of US public companies by EY and the Financial Education & Research Foundation on ‘How finance professionals are helping to advance ESG reporting.’

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Bank of England releases latest statistics taxonomy, plus transition tool

The Bank of England (BoE) has published version 1.2.3 of its XBRL statistics taxonomy. This latest release includes a number of additions and amendments to validation rules, intended to improved reporting quality.

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Is AI a must to deal with today’s data?

We enjoyed the food for thought offered in a recent opinion piece by Jo Ann Barefoot on the case for placing artificial intelligence (AI) at the heart of digitally robust financial regulation.

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Well over 3,000 ESEF filings at filings.xbrl.org! Where are they coming from, and how can we improve access?

Our ESEF repository at filings.xbrl.org now contains over 3,400 financial reports in the digital, Inline XBRL-based ESEF format. Yet only a handful of countries allow reliable, efficient automated retrieval of new filings.

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Year One done? Malta implements ESEF

The Malta Financial Services Authority (MFSA) has announced that the country has concluded its first digital reporting period under the European Single Electronic Format (ESEF).

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European regulators call for digital investor-protection disclosures

Europe could soon see information for retail investors being reported in XBRL.

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Indonesia proceeds with XBRL tax reporting

Indonesia’s Directorate General of Taxes (Direktorat Jenderal Pajak) has recently nominated 37 companies, registered at 10 different tax offices, to submit their tax returns using XBRL.

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