New rules come into force on 30 June 2017, with enhanced validation rules and revised reporting requirements to impact banks across Europe.
Following publication in the Official Gazette of the Italian Republic, updates made at the end of 2016 to the taxonomy for limited liability companies filing with the Italian InfoCamere (Chambers of Commerce) are in effect for all financial statements ending 31 December 2016 or later.
The Bank of England has published a public working draft (PWD) of its Banking XBRL Taxonomy (v0.9.1). Comment deadline is 16 January.
On 18 January, XBRL US will host a webinar to share how the solar industry is leveraging XBRL in this effort to drive down costs and reduce the burden on businesses and financial institutions in renewable energy projects.
The IFRS Foundation is seeking public comment on its most recent proposed update to the IFRS Taxonomy 2016—Common Practice.
The latest version of the IFRS TAxonomy 2016 has been released, incorporating elements for Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4)
Interested parties are invited to review modelling applied to the financial reporting requirements for the Republic of Ireland under FRS101, FSR102 and IFRS.
XBRL Germany maintains the taxonomy used both for mandatory disclosure of financials in the German public register (“Bundesanzeiger”) and for tax purposes. The latest version of the Taxonomy (6.0) has been updated in order to meet changes in laws and other related facts. Details of the changes may be found on the XBRL Germany website here.
The Financial Accounting Standards Board (FASB) is seeking public review and comment on its proposed 2017 GAAP Financial Reporting Taxonomy. The deadline to submit written comments is 31 October 2016.
Translations like these help promote IFRS adoption, which continues to grow around the world. It also means that one of the basic capabilities of XBRL is enabled in one of the world’s most important taxonomies.
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