Indonesia progresses trials of XBRL financial reports
As part of a programme of tax reporting modernisation, the Directorate General of Taxes (DJP) in Jakarta is embarking on phase II of its trial for submitting financial reports using XBRL.
Items tagged with "Implementation"
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FCA adds new specs to system
The UK’s Financial Conduct Authority (FCA) has made an upgrade to their filing system, adopting the recently finalised specification update Calculation 1.1 specification and permitting .xbri file extensions in line with the Report Packages specification.
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Egyptian Exchange revolutionises financial transparency with XBRL
The Egyptian Exchange (EGX) is set to roll out an ambitious new electronic trading system – not only to upgrade EGX’s technological infrastructure, but also introducing XBRL for electronic disclosure by 2025.
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GLEIF keeps pace with updated regulatory LEI implementations
The Global Legal Entity Identifier Foundation (GLEIF) plays a pivotal role in monitoring and facilitating the adoption of the Legal Entity Identifier (LEI) in regulatory reporting and supervision. GLEIF regularly updates its list of current and proposed regulatory activities involving the utilisation of LEIs, reflecting the ongoing commitment to transparency and regulatory compliance.
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SEC’s 2024 SRO Taxonomy introduces XBRL
The US Securities and Exchange Commission (SEC) recently implemented several rule amendments aimed at enhancing the settlement cycle for broker-dealer transactions and related processes. A draft taxonomy – the 2024 Self-Regulatory Organizations (SRO) Taxonomy – has now been published to support the new rules.
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South Korea sees the benefits of expanded XBRL
With South Korea expanding the scope of XBRL tagging to include the notes to accounts, FNN news recently interviewed Hyeong-nam Lee, Director of Deloitte’s XBRL Center, about their experiences with the standard.
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XBRL spearheads trust and transparency in Korean financial landscape
In a recent interview with Mr Lee Byungrhae (이 병 래 ), Secretary General of XBRL Korea and Vice Chairman of the Korean Institute of Certified Public Accountants, he highlighted the pivotal role of XBRL expansion in fortifying global trust, addressing the “Korea discount,” (international valuation gap) and enhancing corporate transparency.
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FERC’s Modernisation Plan: Shifting to xBRL-CSV for Electric Quarterly Reports
On 19 October the US Federal Energy Regulatory Commission (FERC) unveiled a Notice of Proposed Rulemaking aiming to revamp the Electric Quarterly Report (EQR) filing process and data collection.
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Israel consults on digital mandate
The Israel Securities Authority (ISA) proposes introducing mandatory digital reporting in Inline XBRL, also known as iXBRL, from 2024.
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Oman launches Bayanat data portal
The Capital Market Authority of the Sultanate of Oman (CMA) has launched an analytical portal (Bayanat), an interactive platform for exchange of business information drawing on its XBRL data collections. The portal contains significant historical data on the financial results of most companies.
