Earlier this month the European Banking Authority (EBA) issued a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting.
In the newest article in a recent swathe of research into XBRL and AI, UBPartner (long time XBRL software vendor and member) has explored the potential for natural language processing (NLP) to automate the identification and tagging of key information in annual reports.
The New Zealand External Reporting Board has just launched its digitised reporting and assurance standards platform – the XRB Standards Navigator. This tool offers online access to current accounting, assurance, and climate standards in NZ, making it easier for users to navigate, search, and share these documents.
On 6 June, the US Securities and Exchange Commission (SEC) celebrated its 90th anniversary, commemorating nine decades of investor protection and market oversight.
In May this year the International Accounting Standards Board (IASB) issued IFRS 19 Subsidiaries without Public Accountability: Disclosures. The European Financial Reporting Advisory Group (EFRAG) Secretariat has now followed in the footsteps of the SEC and released two updated briefings to provide clarity on the application of IFRS 19 within the EU.
The XBRL Standards Board has published a Working Group Note on the topic of “block tagging” in Inline XBRL reports. Block tagging is the practice of tagging text content in a report with Inline XBRL tags.
This week the Global Reporting Initiative (GRI) launched a public consultation for its new GRI Sustainability Taxonomy draft, which will be open until 11 August 2024. This initiative aims to gather feedback from XBRL experts and sustainability specialists on the design of the new taxonomy.
At the start of June the European Banking Authority (EBA) announced its plan for implementing the Data Point Model (DPM) 2.0 as part of its Reporting Release 4.0 framework. This important initiative helps progress towards more integrated regulatory reporting, and is aimed at enhancing data granularity and improving data management practices.
US Treasury Official Nellie Liang, Chair of the Financial Stability Board (FSB) Standing Committee on Assessment of Vulnerabilities, addressed the OECD-FSB Roundtable on Artificial Intelligence in Finance. Liang emphasised the transformative potential of AI in finance, however she also highlighted the need for robust data quality to manage the risks associated with AI deployment.
The New Zealand External Reporting Board (XRB) recently published a position paper, outlining the many benefits of digital financial reporting and highlighting its widespread adoption among New Zealand’s trading partners.
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