Ukraine have been moving towards mandating XBRL for financial reporting for some time now and this week the National Commission on Securities and Stock Markets (NKTSBFR) announced that the new financial reporting system will officially be launched on 18 June 2019. The new digital financial reporting mandate makes use of the IFRS taxonomy, and will affect all […]
The Ukrainian National Finance Service has begun discussing its plans to enhance Ukranian regulatory reporting with XBRL. This is part of a wider effort to enhance transparency within the Ukranian finance sector, initially within non-bank finance. The regulator has started by holding introductory seminars with staff and market participants to explain how the new mandate […]
DAI Global (DAI), the implementer of the USAID-funded Transformation of the Financial Sector in Ukraine project, has announced a tender for the development and implementation of a Financial Reporting System based on XBRL documents for the Ukrainian Financial Regulators. Proposals are due by 5 June. As previously reported, Ukraine’s Ministry of Finance, the National Bank […]
The Ukrainian National Securities and Stock Market Commission announced this week that it has signed a MOU, together with its international partners from USAID and the EU’s FINSTAR program, to procure and implement a new Inline XBRL based Financial Reporting System, covering public companies, the financial sector as well as a range of large enterprises. As […]
After a significant amount of preparation and planning, Ukraine this week announced plans to move towards a “Hub and Spoke” based single financial reporting system using XBRL.