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.
This week PwC published a strong call for companies to take full advantage of the recent pivot to digital with high-quality XBRL data.
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?
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.
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 […]
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 […]
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 […]
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 […]
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 […]
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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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.
