The UK’s Financial Reporting Council, in conjunction with the Charities Commission, has released an XBRL taxonomy to tag charity accounts for electronic filing and for other analytical purposes. Both the business registrar, Companies House, and HM Revenue and Customs (HMRC) are updating their systems this month to accept company filings from registered charities that have been […]
XBRL Canada shared an update on their recent seminar held in conjunction with The Chartered Professional Accountants of Canada (CPA Canada). The day-long event in Ottawa educated stakeholders in that country on the benefits of Standard Business Reporting, with presentations from local and international speakers. The seminar was attended by some 50 people, mostly from the […]
The adoption of XBRL in over 60 countries has powered the evolution from human readable only filings in the form of paper or pdf (which is just paper on a screen) to machine readable structured data. But humans want to read the same information that computers have access to – in familiar, document form. Enter Inline XBRL (iXBRL). By allowing XBRL data […]
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.
SEC Commissioner Kara M. Stein spoke recently of the importance of structured data and the SEC’s anticipated implementation of Inline XBRL.
The Companies House and HMRC XBRL programmes are extremely successful, having been done in a way that is both very cost effective for filers and beneficial to those interested in utilising structured corporate data for analysis. Read two white papers by XBRL UK examining this success.
XBRL Sweden is hosting a single day event open to discuss the benefits on standard business reporting and how to further develop the use of XBRL for business reporting in the Nordic countries.
The Bank of England’s Prudential Regulatory Authority recently held a seminar of insurance industry members on Solvency II, providing information on what firms need to do to prepare for transposition on 31 March 2015 and implementation on 1 January 2016. Topics included a full policy and implementation overview, modelling, technical information and more. Download the presentations.
Revised taxonomies that meet the needs of changed regulations under EU-adopted IFRS and the new FRS 101 and FRS 102 standards are “an important step in making corporate reports more transparent and accessible to investors” according to Melanie McLaren, Executive Director Codes and Standards at the UK Financial Reporting Council (FRC). HM Revenue & Customs (HMRC) and Companies […]