Dramatic changes to the UK audit sector were proposed in a report this week setting out recommendations from an independent review of the Financial Reporting Council (FRC). The audit profession and its regulator have been under intense scrutiny following a number of high profile corporate failures. The recommendations address gaps in FRC powers, setting a course for […]
Investors have clear ideas about the way company metrics can help with asset allocation. Wouldn’t this work better if these disclosures were digital?
Do you use a bank website or app? Does it meet your needs and expectations? Is it easy to use? Does it combine data from multiple sources in order to provide you with valuable insights about your personal or business finances? Thought not. That’s the insight that has given rise to the Open Banking initiative […]
The UK’s Financial Reporting Council Lab has sent out a call for those working on the potential uses of Artificial Intelligence for the production and consumption of corporate reporting to participate in the next phase of the Digital Future project. The Lab’s innovative Digital Future project is an initiative to investigate the impact of technology […]
Using a big data approach to drive analytics of large quantities of XBRL data, with necessary data structuring, aggregation, ordering and filtering controlled directly from the XBRL taxonomy (the business-led data definitions) has been something of a holy grail for regulators and other large scale users of the standard for many years.
UK Companies House XBRL Data is central to the business model of a new startup. Populous claims to be an invoice factoring and trade finance platform being built using the latest in blockchain technology. Using free financial statement data available in XBRL format for UK companies, the young team seeks to pool financing via an ether-based […]
The team at Threadneedle street are busy. Hot on the heels of the Capital+ taxonomy, arrives a new draft taxonomy for comment. This is a set of PRA requirements for bank Financial Statements. Once again, the Bank of England has chosen to align its reporting requirements – and taxonomy – with the EBA framework, taking […]
The Bank of England has finalised the Capital+ taxonomy that will govern capital forecasts for regulated deposit takers from 1 October.
The Bank of England has published a public working draft (PWD) of its Banking XBRL Taxonomy (v0.9.1). Comment deadline is 16 January.
Interested parties are invited to review modelling applied to the financial reporting requirements for the Republic of Ireland under FRS101, FSR102 and IFRS.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
