As we mentioned last week, the FASB has issued an invitation to comment asking for input on ways to assess the efficiency and effectiveness of the US GAAP taxonomy. FASB’s invitation to comment provides detailed background and technical questions focused on how to make the taxonomy easier for users to navigate and how to improve […]
This proposed update incorporates the IFRS Taxonomy elements for applying IFRS 17 Insurance Contracts. The IFRS Foundation is seeking comment on this Taxonomy update with the comment period remaining open until 18 September 2017. Further information and supporting materials can be found here.
The Central Bank of Russia is leading the modernisation and digitisation of the financial sector in that country and the use of XBRL for data collection is a key part of this initiative. The XBRL Russia website (it translates very effectively in Chrome) has recently been formally launched and contains a wealth of information about […]
The Taxonomy Architecture Guidance Task Force has now updated its guidance on the use of XBRL Dimensions. The guidance promotes consistency and simplicity in taxonomy designs and XBRL implementations. This “technical FAQ” is more technical than most of our guidance materials, but by providing clear, unambiguous solutions to common technical questions, implementers are left free […]
This week a RegTech conference entitled “Blockchain and Open Platforms: APIs, XBRL and Ecosystems” was held in Moscow to examine a range of topics impacting the financial sector. There is hot debate in Russia about the pros and cons of different blockchain protocols and the purpose and eventual impact on the banking sector of Open […]
With around 300 SEC issuers in Canada (companies that have raised money on US markets) it is significantly impacted by the new IFRS FPI rules published by the SEC. XBRL Canada will hold a webinar on 24 May to help local firms understand the requirements to prepare XBRL or iXBRL versions of their accounts from […]
On Tuesday 28 March, the IFRS Taxonomy team held a live webinar on the IFRS Taxonomy 2017, featuring IASB member Gary Kabureck. Play back the recorded version of the webinar and access the IFRS Taxonomy 2017 and its supporting materials here.
Accelerating the modernisation of securities regulation in the Gulf region, Kuwait’s Capital Markets Authority recently announced details of its soon to be released XBRL reporting platform.
The G20 summit to be held in July 2017 is fast approaching. The German presidency would like to encourage the accelerated use of digital technology in business and society through enhanced internationally agreed regulatory frameworks. A paper prepared for the G20 meeting by leading German think tank the Centre for International Governance Innovation contains some […]
New RegTech legislation would oblige US regulators to use common standards, common definitions and common identifiers. Information would be made available as part of government Open Data efforts.
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