The Panama Papers case presents a fascinating case study on the challenges facing anyone looking to collect or use large amounts of data.
One of the key messages to come out of the Data Coalition’s “Financial Data Summit” this week was that marrying the private sector’s technical expertise with government’s capacity to set the policy agenda is what will move open data forward.
What does the future hold? We have no idea of course. But it is fundamental to the human condition to wonder, to speculate and prognosticate. The Global Reporting Initiative (GRI) has released a video on trends its stakeholders see through 2025 with a focus on sustainability issues. Prominently mentioned were the opportunities presented by a […]
Online media portal Russia Today is reporting that the Bank of Russia is planning on simplifying procedures for the issuance of securities by SMEs, including the introduction of XBRL. The intention is to improve the bond market by cutting costs and improving the flow of information to investors. The CBRF also plans legislation changes to improve overall handling […]
We are interested in discovering where AI will get used to change the game in organisational performance monitoring and reporting.
Overstock.com, an internet retailer, has announced plans to issue public stock in the US using distributed ledger technology. The implications for regulatory compliance will also be significant and will impact the business reporting supply chain as trading stocks using these technologies increasingly seems not just plausible but attractive.
What do you see when you visualise data? Artists Joshua Portway and Lise Autogena saw stars, and created a “Stock Market Planetarium” that projects real-time stock market activity as stars in the night sky, flickering and glowing as individual stocks are traded around the world, and moving in concert with broader market activity and outlining shapes of different […]
FASB used SEC XBRL data from 2014 to identify over USD $1 trillion in undiscounted lease obligations that were being reported in footnotes. Read about the resulting guidance.
The Entity Specific Disclosures Task Force has begun the discovery phase of its work defining when best to use extensions and to improve the comparability of extensions and the filings that use them.
It would be hard to understate the impact blockchain and the processes it supports are going to have on the financial industry and business reporting in general. Data standards like XBRL definitely have a critical role to play, which is why this topic will be a key point of discussion at our Singapore conference as well as some other upcoming events.
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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.
