There’s a myth doing the rounds: that in the era of AI, we no longer need structured data. That somehow, large language models can read a few PDFs and spit out perfect insights. It’s a nice idea—but it’s dangerously wrong.
This week in Oxford, a dozen expert volunteers from around the world joined forces with XBRL International staff for a pivotal Working Group meeting over three days, marking a significant milestone toward modernising the XBRL Taxonomy Specification.
Securities regulators and policy makers right around the world are pushing towards new mandatory ESG (or sustainability disclosures) for companies in markets large and small. The majority firmly intend that these new broader kinds of corporate reports will be digital.
The new Calculations 1.1 specification reached an important milestone this week with publication as a Proposed Recommendation. The new specification provides an incremental improvement on XBRL’s existing calculation functionality by providing better handling of rounded numbers.
XBRL International is seeking candidates for both the Nominations Committee and the Best Practices Board (BPB).
Keen readers will have noticed a shuffle at the top of the XBRL International Board recently.
PRESS RELEASE (First Distributed 31 Jan 2018) XBRL International seeks expressions of interest from relevant experts to join the Board of Directors. Global not for profit helps improve business reporting of all kinds. Standard facilitates shift from paper to data. Underpins regulatory reporting, regtech applications and enterprise innovation. 31 January 2018 – London, UK: XBRL International […]
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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.
