PwC underline importance of quality Data
This week PwC published a strong call for companies to take full advantage of the recent pivot to digital with high-quality XBRL data.
Items tagged with "XBRL"
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Digital Reporting in Australia: Time for change?
With the UK, US, Europe, Japan and many other jurisdictions mandating XBRL-based digital reporting, is it time for Australia’s accountants to push for similar steps there?
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Eurofiling: XBRL Data feeds Explainable AI Models
Amongst several fascinating presentations at the Eurofiling Innovation Day this week was an interesting demonstration on how XBRL reports can be used as the basis of explainable AI for bankruptcy prediction.
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XBRL Europe Digital Week
Please keep an eye on the XBRL Europe website for a host of very useful presentations and discussions that occurred this week. Amongst others, there was a presentation from Patrick de Cambourg, Chairman of the Autorité des Normes Comptables, the French standards setter. M. de Cambourg described the need for ESG Reporting (or in EU parlance […]
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Jordan Securities Commission mandates XBRL Disclosures
This week the Jordan Securities Commission (JSC) published draft details of their XBRL disclosure project, calling for feedback and comment from relevant stakeholders. The Foundations Project obliges entities and agencies subject to the JSC’s control to solely disclose information in XBRL format via a new online system. Designed to keep pace with international regulatory standards […]
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New Software Certified
We’re pleased to announce that another software product has gained XBRL Certified Software status. The ATOME: Particles report creation product from BR-AG has met the stringent technical criteria that ensure the interoperability of XBRL Certified Software products. Details of all certified software can be found on our certification portal. Vendors of software holding a current certification are entitled […]
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The Future of Reporting – Down Under
Major economies around the world are increasingly adopting XBRL based digital reporting – is it time for Australia and New Zealand to join them? A new paper from Chartered Accountants of Australia and New Zealand provides a detailed analysis of the need for reform in reporting and the achievements, as well as some of the issues associated with […]
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Making Standards
The Open Information Model (OIM) specifications, having been through a multi-year development process, are almost ready to be published publicly as Candidate Recommendations. But why has it taken so long? Standards need to be stable – especially when, as with XBRL, they are primarily adopted by risk-averse regulators and policy makers. Specifications also have a […]
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Why do we have Software Certification?
XBRL International strongly encourages all software providers to get their software certified annually in order to guarantee that their product is fit-for-purpose. XBRL Certified Software™ has been tested against a rigorous and objective set of conformance suites that are produced alongside the XBRL specifications. Software certification is crucial to ensuring interoperability. An XBRL or iXBRL […]
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An inside look at the SEC’s use of XBRL
Toppan Merrill’s Dimensions magazine recently spoke with Scott Bauguess, who drew on his 12 years in various roles at the US Securities and Exchange Commission (SEC) to provide insight into the SEC’s use of XBRL. Bauguess has spanned a number of roles at the SEC, most recently as the Deputy Director and Deputy Chief Economist in the […]
