A recent report by Forrester reveals that data quality is now the primary factor limiting the adoption of generative artificial intelligence (GenAI) across industries. Since the emergence of GenAI, particularly with the release of ChatGPT in 2022, businesses have been eager to explore its potential for various use cases.
In compliance with 2022’s Financial Data Transparency Act (FDTA), the US Securities and Exchange Commission (SEC) has released its second semi-annual report providing insights into the use and value of machine-readable data. The report covers a spectrum of benefits, including an updated list of which corporate disclosures are machine-readable.
In a recent article for Bloomberg, legal analyst Kate Azevedo provides some keen insights into the US Securities and Exchange’s (SEC) expanded use of XBRL tagging to enhance enforcement.
In the era of artificial intelligence (AI), there is a growing interest in the use of AI models like ChatGPT to enhance financial reporting processes. However, it is crucial to recognise the importance of structured, machine-readable data in training AI models effectively.
The recently passed Financial Disclosure Transparency Act (FDTA) requires the US Securities and Exchange Commission (SEC) and other regulators to adopt data standards for — inter alia — municipal data collection and reporting. Although the act passed in December 2022, the details of implementation are still a work in progress.
The US Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB) are looking into the ways in which investors are using artificial intelligence (AI) to consume and analyse financial data.
XBRL US has this week announced the publication of corporate sustainability data in Inline XBRL format by two companies: Moody’s Corporation and Etsy, Inc.
It has been a busy week in responses to the Securities and Exchange Commission (SEC) for XBRL US.
Did you catch November’s excellent keynote speech from Commissioner Caroline Crenshaw of the US Securities and Exchange Commission (SEC) at the XBRL US Investor Forum 2021: Data that Delivers?
This year’s XBRL US Investor Forum has been and gone – and if you missed it live you can now catch up via video, even if not registered for the event.
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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.
