We continue to manage, improve and modernise the XBRL standard to ensure that it is fit for purpose as the world’s standard for digital data exchange. Key developments in 2024 included:
One for all our technical readers. Just in time for the last newsletter of the year, please do have a look at the updates approved by the XBRL Standards Board on Tuesday and now published:
Earlier this month the Digital Signatures – or D6 – working group released the Digital Signatures in XBRL 1.0 specification as a Candidate Recommendation, an important step towards improved security in financial reporting.
The Table Constraints specification was published this week as a public working draft. This set of specialised extensions to the xBRL-CSV standard promises to materially enhance validation checks while maintaining backward compatibility.
Digital signatures play a crucial role in ensuring the integrity and authenticity of digital business reports. These reports, which can significantly impact an organisation’s value and reputation, require a high level of trust. Digital signatures provide verifiable proof of a document’s authenticity and integrity, ensuring that it hasn’t been tampered with since being signed.
This week we published a new technical FAQ document aimed at software developers who are working with XBRL Report Packages.
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.
The OIM Formula specification was recently published at Candidate Recommendation status, along with a conformance test suite. OIM Formula is the first step in a modernisation programme for XBRL Formula.
XBRL Calculations can play an important role in ensuring the quality and accuracy of a financial report, and can flag up errors in both the XBRL tagging and the underlying numbers. Unfortunately, until now, calculation validation reports have been hampered by false positives — validation messages that don’t reflect real issues in the report.
At this week’s Data Amplified conference in Zurich, XBRL International announced the first software products to be certified for the new Calculations 1.1 specification.
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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.
