Sweden is restarting its efforts with structured data reporting using XBRL.
Economic Development and Innovation Minister Mikael Damberg announced recently that the Swedish government is going to start pushing firms towards digital submission of financial reports, with the aim of making such practice mandatory in 2018.
XBRL Sweden, in cooperation with the Tax Agency, the Swedish Companies Registration Office, Statistics Sweden and the Swedish Financial Supervisory Authority is hosting a conference on SBR
After last year’s successful approval of XBRL as an official Swedish standard, XBRL Sweden has been working on the groundwork for SBR reporting in that country.
Of the top ten countries rated by the World Bank as the most friendly to business, all leverage XBRL to some extent in their regulatory reporting.
The Swedish Standards Institute has approved XBRL as a national standard for electronic reporting and exchange of financial information between organizations in that country.