We highly recommend that you spend a few minutes having a look at the SEC’s new iXBRL Viewer, which provides a “head up display” for the data and data definitions associated with individual disclosures. This “looks like paper, acts like structured data” presentation is easy, intuitive and extremely powerful.
The US SEC has announced a voluntary program allowing firms it regulates to use Inline XBRL (or “iXBRL”). This is another very welcome step forward in enhancing transparency and accountability in reporting.
A new Working Group note provides information on how and when duplicates can occur and guidance on how to tackle them in different kinds of projects.
SEC Commissioner Michael Piwowar called on the SEC to “move promptly to modify EDGAR to permit inline XBRL and commence a voluntary pilot program to obtain more information about the costs and benefits of an inline XBRL system”.
The adoption of XBRL in over 60 countries has powered the evolution from human readable only filings in the form of paper or pdf (which is just paper on a screen) to machine readable structured data. But humans want to read the same information that computers have access to – in familiar, document form. Enter Inline XBRL (iXBRL). By allowing XBRL data […]
SEC Commissioner Kara M. Stein spoke recently of the importance of structured data and the SEC’s anticipated implementation of Inline XBRL.
The Companies House and HMRC XBRL programmes are extremely successful, having been done in a way that is both very cost effective for filers and beneficial to those interested in utilising structured corporate data for analysis. Read two white papers by XBRL UK examining this success.
The Australian Securities & Investment Commission, as part of its efforts to “assist companies in dealing with the complexity of financial reporting and allow users to better navigate financial reports” now encourages companies to file financial reports in iXBRL, removing the need for separate lodgement of a PDF-format or paper financial report. Since July 2010, companies that […]
Irish Tax and Customs announced the launch of Phase Two of its iXBRL mandate for Corporate Tax filings. Phase Two moves beyond “Large Case” filers and covers Corporation Tax returns submitted on or after 1st Oct 2014 for accounting periods ending on or after 31st Dec 2013. The mandate still excludes companies where assets do not exceed €4.4 […]
Listen to an interview with Companies House CEO Tim Moss, on how the UK’s companies registry is using XBRL to help UK commerce become more competitive.
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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.
