While COVID-19 has been causing delays and adjustments to financial reporting regimes around the world, ensuring that financial reporting, when it is submitted, remains high quality is vital. This week Sagar Teotia, Chief Accountant at the US Securities and Exchange Commission (SEC), delivered a public statement underlining the importance of high-quality reporting during the crisis. […]
Data Amplified is your opportunity to get an inside look at how XBRL is being used around the world to meet goals both tactical and strategic – illustrated with case studies presented by both solution providers and regulators.
The successful implementation of data-centric programs requires a three pronged approach that addresses infrastructure, business processes and business requirements.
At Data Amplified, we’ll be examining a case study of the efforts made by Deloitte and an Irish bank to record and report on product offerings and customer interactions and trades for MiFID II reporting.
We and others maintain, with ample evidence, that structured data can transform the business reporting process for regulators and firms; and can provide an environment of improved analytics and transparency for investors. This is only being enhanced by the introduction of new technologies and processes leveraging Blockchain, AI and Big Data. The CFA Institute has […]
XBRL US has joined a US Department of Energy initiative to set data standards for the solar industry.
Regulated crowdfunding on digital platforms offers enormous potential for data-driven transparency and credibility for private issuers, regulators and investors, along with increased efficiency and cost reductions. *UPDATED* Video now available.
The US SEC has announced a voluntary program allowing firms it regulates to use Inline XBRL (or “iXBRL”). This is another very welcome step forward in enhancing transparency and accountability in reporting.
Our thoughts on remarks by SEC Commissionor Kara Stein on efforts to “breathe new life into the critical matchmaking process between companies and investors”.
The SEC recently issued a “concept release” seeking public comment on business and financial disclosure requirements in Regulation S-K. This is the regulation, first instituted in 1933, that lays out reporting requirements for quarterly, annual, and other various SEC filings used by public companies in the United States.