Did you know that South Africa was recently ranked first out of 115 countries for the transparency of its national budgeting process? And did you know that South Africa has been within the top 3 on this Open Index since 2010? Expanding its focus on transparency, South Africa is now preparing for its next big […]
At XBRL International we believe that there is an extraordinary opportunity for collaboration both between regulators and amongst the regulated to improve clarity, improve outcomes and to bring about significant simplification. It’s also a chance to lower the costs associated with inconsistent regulations imposed on business. JP Morgan Chase seems to agree.
The 9th XBRL Asia Roundtable will be held as part of a wider joint program with the Asian Development Bank’s Asian Bond Market Forum meeting from 18 to 21 June in Fukuoka, Japan. The theme for the meeting is to explore the opportunities that standardisation and technology afford in helping to better link and integrate the economies […]
Standardised reporting can be beneficial not just for the submission of information to a given institution but can also be pivotal in the seamless transfer of data between financial market authorities. This is exactly what is now taking place in India. In order to enable easier filings and to make reporting by listed entities to […]
In a recent update by the Financial Accounting Standards Board (FASB) to their Implementation Guide Series for the U.S GAAP Taxonomy, FASB staff have now issued a new proposed taxonomy guide for revenue from contracts with customers. The implementation guide provides examples to help users of the taxonomy understand how modeling, revenues and costs are […]
The Dutch professional association of accountants – the Koninklijke Nederlandse Beroepsorganisatie van Accountants, or NBA for short – has updated its declaration generator. Starting last week, the XBRL instance for the Dutch format will also be available in English. This update has been exclusively intended for digitally deposited annual accounts of medium-sized companies within the […]
Did you miss the recent webinar on the new SEC Reporting Taxonomy? Not to worry! You can watch the recorded version of it here https://xbrl.us/events/20180501/. The webinar was hosted by both the SEC and FASB and addressed how issuers could take advantage of the guidance provided. The speakers were: • Louis Matherne, Chief of Taxonomy […]
The European Banking Authority (EBA) has now published amendments to a range of its Implementing Technical Standards (ITSs), Data Point Model, XBRL taxonomy and a release of a new ITS on reporting for resolution plans. These amendments aim to synchronise reporting requirements with the changes to the regulatory framework and help meet the evolving risk […]
The European Insurance and Occupational Pensions Authority (EIOPA) welcomes feedback on draft amendments to their implementation regulations on reporting and disclosures. EIOPA plans to modify the guidelines on financial stability information and adopt new validations, which will be incorporated in the XBRL taxonomy version 2.3.0 to be published in July 2018. Contributions and comments can […]
With so-called “FPIs”, or firms that raise money on US markets while domiciled elsewhere, now obliged to file IFRS financial statements with the SEC in XBRL or Inline XBRL format, the SEC has provided an updated set of (relatively technical) FAQs. Got questions? The FAQs are here.
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