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Items tagged with "Reporting"

Data Amplified 2019: Financial Reporting for New Economies: To Structure or Not to Structure?

We are in an era characterised by the explosive growth of new economies. New, rapidly expanding industries on the cutting edge of technology are increasingly the driving force of economic growth. Think Amazon, Apple, Tencent, Alphabet, Alibaba and Samsung. But how can the value of new economies best be recorded within financial statements? And should […]

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The Evolution of the Annual Report

Annual reports, once a sheaf of printed paper delivered by snail mail, have evolved considerably with the expansion of digital technology. However, too often, they remain in debt to their paper-based past, reluctant to take advantage of the opportunities digitisation has presented. This week Communicate Magazine and the Evolution of the Annual Report conference have […]

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EIOPA Launches Solvency II Field Test

This week The European Insurance and Occupational Pensions Authority (EIOPA) launched a field test on revised and proposed templates as part of the 2020 Solvency II reporting and disclosure review. The review covers both the content and structure of different templates, with this field test designed to identify main issues with the new and revised […]

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Will the UK Adopt ESEF? 

With their impending exit from the European Union, will the UK adopt the European Single Electronic Format (ESEF) that becomes mandatory across the EU in January 2020? The Financial Conduct Authority (FCA) have released an update indicating that they are preparing to adopt ESEF in a scenario where the UK remains subject to EU law […]

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Data Amplified Has Almost Arrived

It’s just over a week to go until regulators, policymakers and business professionals from around the world meet to discuss the future of business reporting at Data Amplified 2019. The conference will be packed with experts and innovators exploring everything from enterprise reporting and granular data to governance and the challenges of new technology for […]

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Can Standardisation Help Local Governments Save Money?

In 2018 Florida passed a bill that could require local governments to submit financial data in machine-readable format. California has recently followed suit, and the second version of the Demonstration Comprehensive Annual Financial Report (CAFR) Taxonomy, currently out for review, will also aid the process. But what benefits would standardisation bring? Beyond abstract accolades of increased transparency, […]

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Collaboration, Iteration: Keys to the Shift From Paper to Data

At a conference organised by the European Commission (EC) and Deloitte this week, experts discussed the next steps for digital reporting for EU companies.

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Can Integrated Reporting Repair Trust in Business?

An article by Mark Graham, Associate Professor at the UCT Graduate School of Business, in Business Report this month highlights Integrated reporting (IR) as a powerful tool for building trust and confidence in companies – with a corresponding increase in company value. Integrated Reporting is supposed to fill in the gaps in current reporting, providing […]

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Simplify ESG Reporting with Better Alignment

Key co-ordinating body,  the Corporate Reporting Dialogue, has reported that alignment between different ESG frameworks with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations is better than expected. In order to offer more clarity on the relationships between different ESG reporting frameworks, the Better Alignment Project has brought a varied group of standard setters together to […]

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Financial Transparency Act Introduced in Congress

The Financial Transparency Act (FTA) was reintroduced into US Congress this week, potentially paving the way for a significant advance in data standards that would benefit the business community and regulators alike. The bipartisan bill, which has long been supported by the Data Coalition, and our colleagues at XBRL US, aims to introduce a number of […]

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