Interesting news out of Germany yesterday with the announcement of the acquisition of BearingPoint’s successful RegTech business by Nordic Capital.
Following the European Commission’s decision that the XBRL mark-up within ESEF documents must be subject to audit, Germany’s Institute der Wirtschaftsprüfer (IDW), or Institute of Public Auditors, has published draft audit standards for ESEF.
The Deutsche Bundesbank has published an updated XBRL taxonomy (2.0) for reporting risk-bearing capacity.
XBRL Germany maintains the taxonomy used both for mandatory disclosure of financials in the German public register (“Bundesanzeiger”) and for tax purposes. The latest version of the Taxonomy (6.0) has been updated in order to meet changes in laws and other related facts. Details of the changes may be found on the XBRL Germany website here.