The Netherlands has taken an important step toward requiring all private companies to file their annual accounts with the Chamber of Commerce exclusively in XBRL, starting from the 2025 financial year.
The implementation of standardised, normalised and harmonised data collections, such as in the Dutch Standard Business Reporting (SBR) program, can significantly reduce administrative burden and improve efficiencies.
Almost every political party seeks to reduce administrative burden (or “cut red tape”) before getting into office. The vast majority fail to do so. In the Netherlands, Australia, and now Finland and Ukraine, there are efforts aimed at one of the key “root causes” of reporting burden. Rather than trying to fundamentally change the reporting […]
The highly influential Council for Institutional Investment (CII) have joined XBRL US and the CFA Institute in voicing their support for the SEC’s current quarterly reporting system. In December the SEC posted a request for input on the effects of mandated quarterly reporting and earnings releases. They were looking for comments on the nature, content and timing of reporting, […]
In an article on The Bond Buyer this month Marc Joffe makes the case for municipal market data standards. Data and technology featured frequently at the Bond Buyer National Municipal Summit, with concerns coming from data vendors and issuers. However, Joffe points out that municipal bondholders are merely one group amongst many with a stake […]
Mark Bissschop from SBR Banken has written an article for Accountancy World heralding the benefits of Structured Business Reporting (SBR) and calling for further expansion.
Congratulations to our colleagues at SBR Banken in the Netherlands, who this week routed the first digital real estate report through their gateway in XBRL format. Specialist real estate valuation firm MVGM point out that the new arrangements mean that: “With the introduction of digital exchange in real estate data, the time-consuming task of collecting, structuring, assessing […]
Head on over the to conference site for the slides now posted there. For example: Yoshiaki Wada and Dennis Knochenwefel on Trials in using No SQL techniques to strike a balance between change in taxonomies and power in data querying for XBRL analytics. Here. Matthias Pécot on analysing supervisory data using Hadoop. Here. Juan Alberto Sánchez‘s update on Supervisory […]
Next week the European XBRL community will converge on Warsaw to meet at the XBRL Europe/Eurofiling conference. Prior to the conference getting underway ESMA will host a “Meet the Market” discussion about the ESEF mandate. At the conference there will be an update from the European Commission’s EFTG project – a distributed index of corporate […]
The Netherlands is the first country in the world to require companies to file XBRL based annual reports with an accompanying electronically signed XBRL-formatted auditor’s opinion and those reports are now starting to be filed. The reports must be submitted to the Dutch Chamber of Commerce within the Netherlands SBR framework in XBRL. The new […]
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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.
