A recent paper by the CFA Institute’s Financial Reporting Director, Mohini Singh, discussed the changing use of structured data by investors and analysts. Singh has followed this up with another piece focusing on reporting to lenders, tax authorities, and other regulating bodies around the world. More details about these case studies here.
The IFRS Foundation’s set of Taxonomy business rules for 2018 is also now available to download. It can be used with software tools supporting XBRL Formula. The release is accompanying material to the IFRS Taxonomy 2018 and has been updated from the 2017 version to reflect changes in the IFRS Taxonomy content. The business rules can […]
We’re pleased to announce that two more software products have gained XBRL Certified Software status. UBPartner’s XBRL Processing Engine and XT Portal products have met the stringent technical criteria that ensure the interoperability XBRL Certified Software products. Details of all certified software can be found on our certification portal. Vendors of software holding a current certification are entitled to […]
XBRL International is seeking candidates for both the XBRL Standards Board (XSB) and the XBRL International Nominations Committee (NomCom). The documents containing the desired attributes for potential candidates as well as instructions as to the submission of interest can be found below. To be considered for either the XSB or the NomCom, please submit the […]
The SEC final rule on amendments to disclosure requirements has been published in full, allowing our colleagues at XBRL US to assess its impact on XBRL requirements. In the near-term, the final rule doesn’t require any changes to what is required to be tagged by preparers. The ruling includes some areas that may result in […]
XBRL International is seeking candidates for both the XBRL Standards Board (XSB) and the XBRL International Nominations Committee (NomCom). The documents containing the desired attributes for potential candidates as well as instructions as to the submission of interest can be found below. To be considered for either the XSB or the NomCom, please submit the […]
As reported in July, it was great news to hear that the cost of XBRL formatting for small US reporting companies have declined 45% since 2014.
The AICPA study surveyed price data from 1,032 small reporting companies for 2017 services, showing that 68.6% of companies paid $5,500 or less annually for fully outsourcing their XBRL filings.
Cost is no barrier to even small companies preparing financial statements with the global digital standard for business reporting, as the average annual cost of XBRL preparation has dropped by 45% over the last three years in the US. Recognizing that computer-readable reports make financial information easier for regulators and investors to analyse, the US […]
In a guest article on the XBRL International Blog this week, Mohini Singh summarises aspects of the CFA Institute’s submission to the European Commission’s ‘Fitness Check on the EU Framework for Public Reporting by Companies’ consultation. The Institute urges policymakers to ‘see the power of XBRL in facilitating analysis for investment decision-making,’ arguing that ‘lowering the barriers in […]
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 […]
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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.
