Streamlined reporting: how to make one Inline XBRL document work for everyone
Missed our recent webinar? Don’t worry! The recording is ready, and it’s packed with insights. In this session, Dr Ben Russell from CoreFiling and Catalina Ibañez from AMANA tackled a question that’s top of mind for many: how to use a single Inline XBRL (iXBRL) document to meet multiple reporting requirements.
The XBRL standard offers a few clever tricks for just this scenario. Options range from separate documents for each taxonomy to multiple taxonomy references, target documents, and unifying extensions—each with its own mix of simplicity and complexity. Our presenters broke down which approach works best for each situation, helping preparers and data collectors navigate this landscape of streamlined, multi-use reporting. Complexity, overlapping content, and compliance challenges were all in the mix as they explained how to make multi-purpose reporting more effective.
With so many overlapping reporting requirements, the days of one-size-fits-all reporting are over. This draft guidance is here to help stakeholders cut down on redundant work while keeping data consistent and accessible. And let’s face it—with today’s growing blend of financial and sustainability data needs, having the flexibility to meet multiple requirements in a single report is invaluable.
Curious to see how it’s done? Watch the full webinar recording here and dive into our draft guidance on selecting the most effective approach for your reporting needs.
