The Israel Securities Authority (ISA) proposes introducing mandatory digital reporting in Inline XBRL, also known as iXBRL, from 2024.
Israel takes another step towards full XBRL-based digital reporting this week, as the Israel Securities Authority (ISA) dropped requirements to publish financial reports in PDF format.
Yet another country is in the process of adopting Inline XBRL for its IFRS reporting. The first annual reports made by Israeli public companies in Inline XBRL are now available via the ISA’s Magna portal, with more trickling in.
As the Israel Securities Authority transitions to Inline XBRL for financial reporting to ensure high-quality and consistent disclosures, it is now seeking software companies interested in operating in Israel.