Structured Data

Can Standardisation Help Local Governments Save Money?

By Editor

In 2018 Florida passed a bill that could require local governments to submit financial data in machine-readable format. California has recently followed suit, and the second version of the Demonstration Comprehensive Annual Financial Report (CAFR) Taxonomy, currently out for review, will also aid the process. But what benefits would standardisation bring? Beyond abstract accolades of increased transparency, […]

Read more

Shanghai Stock Exchange Introduces Innovative Regtech

By Editor

With the volume and complexity of data gathered by regulators ever increasing, RegTech provides an opportunity to automate elements of the regulatory process, improving efficiency, speed and effectiveness. The Shanghai Stock Exchange’s (SSE’s) recently launched Company Profile System does exactly that, making full use of digital reporting’s potential to reduce the need for manual data […]

Read more

Structured Data Can Classify Your Used Clothes

By Editor

How is structured data used outside of the reporting realm? A blog post from Ebay this week demonstrates how structured data comes in useful across various fields – and can even be put to use sorting out the contents of your garage. Ebay has 1.3 billion listings worldwide – an awful lot of very varied […]

Read more

Data Analysis Reveals Inflated Pay

By Editor

Why do companies disclose “Non-GAAP” or “Proforma” earnings and performance measures? Is it because accounting standards don’t provide a suitable way to measure and understand corporate business models? Is it because Non-GAAP measures better reflect economic reality, or, at least, the factors under the control of management? Perhaps not.

Read more

SEC Proposes XBRL for Specialised Capital

By Editor

The SEC has proposed reforms to the rules governing Business Development Companies (BDC) and Registered Closed-End Funds that would require these funds to report information in structured data.

The amendment is in support of the SEC’s implementation of the Small Business Credit Availability Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act. BDC’s primarily invest in small and developing companies, so ensuring these funds have an efficient approach to raising capital and good investment communication should help support small business.

Read more

Auditing in the AI Age

By Editor

AI has led to some predicting the catastrophic demise of the audit profession – however, as robots don’t quite live up to the job-stealing hype that’s been predicted, how will the smart machine age really effect the evolution of auditing? Jillian Alderman explores the reality of audit in the AI era in an article in the Graziadio Business Review this week.

Read more

CFA Paper Examines the Changing Use of Structured Data

By Editor

In the CFA Institute’s latest paper, Data & Technology: How Information Is Consumed In The New Age, Mohini Singh takes a deep dive into how structured data is being consumed, refutes the claim that structured data is not being meaningfully utilized, and considers how investors can best take advantage of these developments in transparency. The paper […]

Read more

SEC Experts Interviewed on Structured Data and XBRL Impact on Companies

By Editor

Do read the interview with Scott Bauguess, Deputy Director and Deputy Chief Economist of the SEC’s Division of Economic and Risk Analysis (DERA) this week from Merrill Corp. Spurred on by what he considered to be a persistent lack of interest and understanding among certain market participants about the importance of standardised data collection and dissemination, […]

Read more