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Items tagged with "Digitisation"

Updates at FERC: XBRL submissions, guidance, and historical data

Recent days have seen a number of important updates from the US Federal Energy Regulatory Commission (FERC), as it implements its switch to XBRL-based reporting for energy utilities.

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XBRL reporting for Italian Confidi

XBRL Italy reports “another small step forward” in the digitisation of corporate reporting in Italy. Credit guarantee consortia known as Confidi are an important part of the Italian financial landscape.

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Digital reporting in the UK: state of play and resources for companies

The Financial Reporting Council (FRC) Financial Reporting Lab has published the results of a survey carried out in May 2021.

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UK FCA seeks to expand accepted taxonomies

Tucked into Chapter 8 of the Financial Conduct Authority (FCA) Quarterly Consultation are proposals to allow UK issuers to use a wider range of XBRL taxonomies.

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Oman prepares to launch XBRL disclosure portal

The final countdown to XBRL reporting in Oman has begun! Oman’s Capital Market Authority (CMA) and its stock exchange, the Muscat Securities Market (MSM), has organised a second round of workshops in preparation for the launch of its new disclosure portal, which will enable the reporting of both financial and non-financial information in XBRL format.

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New for Nigeria! First XBRL reports blaze a trail

We were delighted to hear this week that Dangote Cement, Africa’s largest cement producer, has produced its most recent financial statements in XBRL, using the International Financial Reporting Standards (IFRS) Taxonomy.

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Digitisation and staying relevant: Andreas Barckow prepares to address rapid change as IASB Chair

On 1 July Andreas Barckow officially set to work as Chair of the International Accounting Standards Board.

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ASIC gets the lowdown on the benefits of digital reporting

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!

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Push for LEI adoption to expedite China’s digitisation

The Deputy Governor of the People’s Bank of China (PBOC) has called for greater use of Legal Entity Identifiers (LEIs) as a key part of the digitisation of financial operations in China.

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Beyond the usual suspects: XBRL avenues to explore in India

XBRL has been used for financial and prudential reporting in India for several years. As digitisation advances apace – hastened by the Covid-19 pandemic – how and where else could India deploy the XBRL standard to facilitate filings and collect high-quality digital data that is easy to access, analyse and compare?

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