In the context of a pandemic, it makes sense to ensure that as much activity as possible is done digitally. Last week saw the unveiling of a new initiative from Everbright Bank: digital bank receipts with embedded XBRL data for reuse and analysis.
As data digitisation and XBRL reporting continue to expand worldwide, it’s crucial that companies are reporting accurate, high-quality data. Wes Bricker, Vice Chair of XBRL International’s Board of Directors and PwC Vice Chair, US and Mexico Assurance Leader, recently wrote an article for FEI highlighting the importance of accurate XBRL tagging.
With the idea that knowledge is transformative sitting at the heart of most educational institutions, it is perhaps unsurprising that a college is currently at the vanguard of structured municipal reporting in the US.
Qatar is set to shortly join the many markets around the world that mandate the XBRL standard and benefit from increased data transparency, accuracy and utility.
Professor Monika Kovarova-Simecek, Academic Director Economic and Financial Communications at the St. Pölten University of Applied Sciences, recently shared her thoughts on XBRL’s role in the digital transformation of financial reporting.
XBRL has a number of exciting projects in the pipeline – not least the expansion of structured, machine-readable data to all of Europe with next year’s ESEF mandate. However, sometimes it’s worth looking backwards to take note of successful implementations that have been humming along for some time now.
The XBRL Software Certification™ programme is being expanded to include a new category of software intended to cover end-user software products that consume XBRL reports for review, analysis or audit purposes. The new category is in addition to the existing categories for XBRL processors and XBRL report creation tools.
Oman is gearing up to join the many markets around the world who have embraced digital, machine-readable disclosures.
XBRL US has published a guide for US regulators and US based industry experts looking to develop taxonomies that align with common practice in that country.
The Filing Manual Working Group has been looking at the issues associated with the publication of different filing rules by regulators that seek to permit (but constrain) extension taxonomies.
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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.
