This Tuesday marked twenty years since XBRL first went public with a draft specification, a taxonomy, and a vision of vastly improved business transparency with benefits across the entire business reporting supply chain. Today, hundreds of implementations around the world benefit from the freely licensed XBRL standard – with an interactive map of global projects available […]
The Royal Netherlands Institute of Chartered Accountants (NBA) has issued an update that makes a number of changes to the Statement Generator and HRA 3. It is now possible to generate XBRL instances of the audit report for the financial statements of insurers, banks, and pension funds. Read more and see other planned updates here (in […]
We’re delighted to announce that a number of software products have met the stringent criteria required to gain XBRL Certified Software status. Congratulations to Reportix, ABZ Reporting and Workiva respectively on the certification of the following products: CellStore by Reportix, a drop-in database solution for XBRL and iXBRL which helps you take control of your data management, […]
The US Federal Energy Regulatory Commission (FERC), which switched to XBRL for a number of utilities reporting forms last year, has published a rule proposal to revise transmission incentive policies and extend XBRL to Form 730. In the proposal FERC notes that further adopting XBRL would allow the reporting of comprehensive, consistent, interoperable data, and would […]
ThinkTwenty20’s recent spring issue focused on regulatory reporting, drawing from a number of interesting perspectives in the field. Mike Willis, the US SEC’s Assistant Director of the Office of Structured Disclosures, highlighted the importance of standardisation in all supply chains – from the railways, to barcodes, to business information, and now, for data that will enable […]
XBRL US has submitted a comment letter expressing support for the SEC proposal Disclosure of Payments by Resource Extraction Issuers, File Number S7-29-14. The proposal would require machine-readable XBRL for the disclosure of payments by resource extraction firms. It is designed to provide more information to global commodity markets, and to hold governments accountable for the […]
This week the XBRL Board of Directors has approved the progression to recommendation status of an important new specification: the Extensible Enumerations Specification (EE). Version 2 of the Extensible Enumerations specification provides improved support for reporting values that are taken from a prescribed list, such as a list of countries. The use of Extensible Enumerations […]
This week the XBRL Board of Directors has approved the progression to recommendation status of an important new specification: the Transformation Rules Registry (TRR4).
As part of a package of recommendations for improving audit trust, the Australian Parliament’s Joint Committee on Corporations and Financial Services has recommended mandating machine-readable digital financial reporting.
XBRL’s new Open Information Model is a strategic initiative to simplify and modernise our standard. The OIM enables the free exchange of XBRL data across a range of different syntaxes. We are used to thinking of XBRL as an XML variant, but the OIM allows us to instead understand XBRL as a syntax-independent standard that […]
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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.
