We are very pleased to report that the US House of Representatives has passed the Financial Transparency Act (FTA) by 400-19.
The Amman Stock Exchange (ASE) announced this week that 97% out of 173 listed companies provided their reports for the third quarter as required, through ASE’s XBRL-based e-disclosure system.
“As organizations pack their reports with more information, the workload is increasing but so is the opportunity to tell a compelling story,” argues a brief but thought-provoking recent article in CFO Dive.
The UK Financial Reporting Council’s Financial Reporting Lab is celebrating its tenth birthday, and ICAEW has marked the occasion with an interview with its Director, Phil Fitz-Gerald.
We were interested to note a recent report from the Financial Stability Board (FSB) examining current approaches to cyber-incident reporting and suggesting next steps for broader convergence.
A highly useful new report from the UK Financial Reporting Council’s Financial Reporting Lab aims to support companies in the move towards high-quality digital reporting.
Just last week we posted on rounding of figures in reports, and how it can cause validation processes to flag calculation inconsistencies that – while they should be checked – should not be a cause for concern, since there is (generally) no underlying error.
The UK Financial Reporting Council (FRC) has published its final suite of updated taxonomies for 2022, having released them for consultation in August. The most notable change is the integration of the Streamlined Energy and Carbon Reporting (SECR) taxonomy, used for mandatory emissions reporting.
Not all issues flagged by XBRL validation processes indicate a problem in the report. We revisit calculation inconsistencies to see how they can be caused by simple rounding of figures.
Another potential application of XBRL in the US took a step towards reality on 24 September, when President Biden signed the Congressional Budget Justification Transparency Act of 2021 into law.
Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.
By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy
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.
