A recent experiment by the Finnish Patent and Registration Office (PRH) has demonstrated the real-world potential of open XBRL data to generate financial analytics without manual effort or deep technical know-how.
An article in Automaatioväylä (that’s the Finnish Society of Automation’s magazine) highlights significant challenges and opportunities in automating sustainability reporting, with a strong focus on the potential of XBRL to address these issues.
While updates have been trickling in in recent weeks, there’s now official news on the European Single Electronic Format (ESEF) mandate. The European Commission (EC) has published a list of countries that have opted for a one-year ESEF postponement due to Covid-19, pushing its start to January 2022.
XBRL Finland has carried out a very useful investigation into how the Finnish market is responding to ESEF, the Inline XBRL-powered European common standard for financial reporting.
The Finnish Population Register Centre and the Estonian Information System Authority (Riigi Infosüsteemi Amet, RIA) have embarked on a programme to merge their national data exchanges, effectively creating a joint information centre for citizens of the two countries. There are over 60,000 Estonians living in Finland, and the amount of cross border traffic and economic […]
XII CEO John Turner was in Helsinki this week speaking at the second Real Time Economy Conference hosted by Aalto University and XBRL Finland. RTE is a network of participants across the business reporting supply chain in Finland, collaborating on ways to digitise, standardise and automate a wide range of business processes: from e-invoicing to […]
XBRL Finland and Aalto University are once again hosting Innovations in Europe, a conference aimed at advancing the development and use of real-time technologies in the area of financial processes.
XBRL Canada shared an update on their recent seminar held in conjunction with The Chartered Professional Accountants of Canada (CPA Canada). The day-long event in Ottawa educated stakeholders in that country on the benefits of Standard Business Reporting, with presentations from local and international speakers. The seminar was attended by some 50 people, mostly from the […]
At Business Reporting 360° in Copenhagen, our special correspondent Adam Shaw interviewed Elina Koskentalo of XBRL Finland on the progress being made there. Watch the video to hear about how businesses in Finland feel about XBRL, the benefits of XBRL and advice for those looking to start an XBRL project. Watch the video. Vero Skatt, […]
Of the top ten countries rated by the World Bank as the most friendly to business, all leverage XBRL to some extent in their regulatory reporting.
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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.
