The XBRL Standards Board has approved the publication of a Candidate Recommendation of the new xBRL-CSV specification.
There is increasing interest in granular data from financial regulators worldwide. There is also an increasing use of structured data using XBRL taxonomies within very large data collections, including inside enterprises. Combined, these new developments mean that our standards need to provide new ways to exchange information in highly efficient ways.
Recently we updated readers on the progress of the Open Information Model (OIM)– which is well on its way to Recommendation status. But what will the OIM actually mean?
The OIM is central to the modernisation and simplification of the XBRL standard. Although XBRL is used extensively all over the world, allowing rich, structured data to be captured and used by businesses and regulators, the standard’s XML syntax is not always convenient and it often isn’t simple.
On 2nd May, the XBRL Standards Board approved a Public Working Draft of xBRL-CSV, a new standard for representing XBRL data using CSV. At first glance, CSV might seem like a legacy technology, but it’s got a lot of things going for it. Firstly, it’s simple. In fact, it so simple that it’s supported just […]