With so-called “FPIs”, or firms that raise money on US markets while domiciled elsewhere, now obliged to file IFRS financial statements with the SEC in XBRL or Inline XBRL format, the SEC has provided an updated set of (relatively technical) FAQs. Got questions? The FAQs are here.
The IFRS Foundation is expected to publish today its new Taxonomy for 2018 which includes a number of updates from the IFRS Taxonomy 2017. The 2018 Taxonomy will incorporate the IFRS Update for IFRS 17 Insurance Contracts issued in January 2018. Alongside the 2018 update, the IFRS Foundation will also be publishing further Taxonomy amendments for both Annual […]
The fifth annual International Accounting Standards Board (IASB) Research Forum will take place on the 11th and 12th of November 2018 in Sydney, Australia. The Forum will provide an opportunity for academic authors to present their papers to a mixed audience of academics and accountants, providing new insights into standard-setting and regulation developments, as well […]
The IFRS Taxonomy team published changes to the latest version of its taxonomy to incorporate changes to the IFRS 17 Insurance Contracts accounting standard. Full details (and the taxonomy) available on the IFRS web site. Check with local regulators to understand when the update can be used for national filing arrangements.
The IFRS taxonomy is used to create digital financial statements that conform to the International Financial Reporting Standards. The IFRS Foundation has now published the first version of a Preparer’s Guide to using this taxonomy.
The IFRS Foundation has published proposals for updates to the IFRS taxonomy. Comments close on 29 January.
IASB Chairman outlines plans for the IFRS “Better Communications” initiative in Brazil. Making digital consumption of financial information easier via the IFRS XBRL taxonomy is one part of this effort.
The SEC’s EDGAR system now supports the 2017 IFRS Taxonomy. This impacts Foreign Private Issuers, which is the US term for companies based outside of the United States that have raised funds in the US public markets. All FPIs that prepare their accounts in accordance with IFRS are obliged to file XBRL or Inline XBRL […]
A seminar will be held on 25th October 2017 in Toronto, Canada to discuss the evolution of technologies such as XBRL, and gain an understanding of specific U.S. Securities and Exchange Commission (SEC) XBRL requirements and the current and potential implications on corporate reporting in Canada and internationally. As part of a broader trend towards […]
Sixty percent of financial statement data is already being consumed electronically, and this figure will continue to grow, according to International Accounting Standards Board Chairman, Hans Hoogervorst in a speech in which he outlined the importance of digital reporting amongst several other priorities.