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Items tagged with "Digitisation"

Insights on the reporting revolution

The accounting revolution will be digitised, says Amir Ghandar in an enjoyable thinkpiece on the International Federation of Accountants (IFAC) website.

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Getting ready for XBRL tax reporting in Hong Kong with draft taxonomy package

Hong Kong’s Inland Revenue Department (IRD) has released a preliminary version of its new IRD Taxonomy Package, in order to facilitate preparations for digital tax reporting.

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Supporting ESG reporting with data standards

The XBRL US ESG Working Group has published its final paper, on ‘Supporting ESG Data with Standards.’

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How understanding XBRL tips the ESEF balance

“Good knowledge and understanding of XBRL can turn your mandatory ESEF submission into an opportunity to transform the way your data is presented, and avoid common errors,” says Pierre Pottier of Invoke in a recent opinion piece – and we heartily agree!

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Supervigilancia joins Colombia’s digital reporting heroes as new taxonomy launched

The Superintendency of Surveillance and Private Security (Superintendencia de Vigilancia y Seguridad Privada, otherwise known as Supervigilancia) is the latest Colombian supervisory body to go digital, requiring data in XBRL to boost quality, consistency and comparability.

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How should regulators respond to the digital transformation?

Fernando Restoy, Chair of the Financial Stability Institute, offers an abundance of food for thought in a recent speech discussing the role of – and consequences for – regulation in the ongoing digital disruption of the financial sector.

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Luxembourg moves to online filing with eRISS

We note with interest the launch of a new online reporting platform by Luxembourg’s Supervisory Commission for the Financial Sector (Commission de Surveillance du Secteur Financier, CSSF).

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IASB priorities shift toward digital reporting

The International Accounting Standards Board (IASB) continues to consider the feedback to its Third Agenda Consultation on its priorities for 2022-2026.

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A global view and policy insights on XBRL implementation

There’s a tremendous amount for readers to get their teeth into in a report out this week from CPA Australia and the University of Adelaide, titled ‘Digital corporate reporting: Global experiences from the G20 and implications for policy formulation,’ by Prof Indrit Troshani and Dr Nick Rowbottom.

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Further consolidation and digitisation at India’s central bank

The Regulations Review Authority of the Reserve Bank of India (RBI) has recently made significant recommendations aimed at rationalising data collection and reducing regulatory burdens.

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