Hong Kong’s Inland Revenue Department (IRD) has released a preliminary version of its new IRD Taxonomy Package, in order to facilitate preparations for digital tax reporting.
The wild days seem to be over for special purpose acquisition companies (SPACs), at least in the US.
At an open meeting on Monday, the US SEC put forward landmark new rules on mandatory climate-related disclosures, to be digitally tagged using Inline XBRL, in proposals described by Chair Gary Gensler as “driven by the needs of investors and issuers.”
Our collection of ESEF filings has tipped over into four figures and beyond, with the total standing at 1,365 as of 17 March. We aim to make it easy to find and access ESEF data, currently a complex process due to varying publishing mechanisms in different countries.
The US Securities and Exchange Commission (SEC) has proposed significant new rules on cybersecurity risk management, strategy, governance, and incident reporting by public companies.
The UK has this week brought forward two significant measures aimed at increasing corporate transparency with regard to company ownership and cutting down on economic crime. It will introduce mandatory Inline XBRL at business registrar Companies House.
As our regular readers will know, the Inline XBRL-based European Single Electronic Format (ESEF) is now required for financial reporting across the EU.
The XBRL Standards Board has approved the publication of a new version of the Transformation Rules Registry. Transformation Rules support the Inline XBRL specification, defining how values such as dates and numbers that are presented using local conventions are converted into the consistent, standardised formats required for structured data.
A recent post from DataTracks provides a useful heads-up that certain co-operatives in South Africa will be expected to file their annual financial reports in Inline XBRL, or iXBRL, from 1 April 2022.
The Calculations 1.1 specification has this week reached Candidate Recommendation status, following approval by the XBRL Standards Board. Its promotion is accompanied by a Call for Implementations.
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