ING Bank in the Netherlands recently launched a new XBRL-based project designed to increase efficiency, trust and transparency in real estate valuation. Following the introduction of XBRL for real estate valuation reports, this new initiative includes the final piece in the puzzle: qualified, digital signatures.
The Bank of England (BoE) recently published a proposal to shift the submission of a range of statistical data into XBRL format.
The Indonesian Stock Exchange (IDX) has extended the scope of its XBRL taxonomy from primary financial statements to also cover Notes.
Countries as distinct and distant as South Africa, the US, China, Korea, Japan, UK and the EU have embraced the digital era of financial reporting for public companies – but not Australia. What’s keeping Australia from going down the digital path?
This week saw the XBRL US Investor Forum, packed with useful insights and enlightening talks on all things data.
At the XBRL US/CFA Institute Investor Forum held this week, newly installed XBRL International Chairman, Wes Bricker, gave a keynote address. It focussed on the use of SEC XBRL data, its strengths, weaknesses and next steps.
When a taxonomy is published it generally comes with supporting documents that help the taxonomy’s implementation – but what exactly should be published alongside a taxonomy? New draft guidance published this week indicates best practice in basic supporting documentation.
Professor Robert Eccles has been hugely influential in the modernisation of corporate reporting, with a focus on many aspects of the way that reporting should work to serve both investors and society more broadly.
In the context of a pandemic, it makes sense to ensure that as much activity as possible is done digitally. Last week saw the unveiling of a new initiative from Everbright Bank: digital bank receipts with embedded XBRL data for reuse and analysis.
As data digitisation and XBRL reporting continue to expand worldwide, it’s crucial that companies are reporting accurate, high-quality data. Wes Bricker, Vice Chair of XBRL International’s Board of Directors and PwC Vice Chair, US and Mexico Assurance Leader, recently wrote an article for FEI highlighting the importance of accurate XBRL tagging.