The Netherlands is the first country in the world to require companies to file XBRL based annual reports with an accompanying electronically signed XBRL-formatted auditor’s opinion and those reports are now starting to be filed. The reports must be submitted to the Dutch Chamber of Commerce within the Netherlands SBR framework in XBRL. The new […]
Standardisation has arguably been the pivotal mechanism for the widespread adoption of many pioneering technologies. SunSpec Alliance and XBRL US have been collaborating to bring standardisation to the domain of solar energy projects. The key product of this collaboration is the Orange Button Taxonomy, which has just been released for a second 30-day public review […]
The European Banking Authority (EBA) has published a hotfix update (Version 2.6.0.1) to its XBRL taxonomy and supporting data point model. The update will be of significance to National Competent Authorities submitting data on bank internal approaches, as part of the 2018 benchmarking exercise. This is therefore relevant to CRD IV software vendors as well […]
The fifth annual International Accounting Standards Board (IASB) Research Forum will take place on the 11th and 12th of November 2018 in Sydney, Australia. The Forum will provide an opportunity for academic authors to present their papers to a mixed audience of academics and accountants, providing new insights into standard-setting and regulation developments, as well […]
After a significant amount of preparation and planning, Ukraine this week announced plans to move towards a “Hub and Spoke” based single financial reporting system using XBRL.
The UK’s FRC Lab says that the changing demands of users, supported by upcoming regulatory changes mean that boards can no longer ignore digitisation of listed company reporting. In a new report it urges regulators, investors, vendors and issuers to work together to maximise the benefit of Inline XBRL reports.
The IFRS Foundation has published proposals for updates to the IFRS taxonomy. Comments close on 29 January.
On Wednesday the Central Bank of Russia and the prestigious Finance University in Moscow marked the endowment of a new Chair in XBRL studies. Aimed at helping develop and expand expertise in the field for finance professionals as well as students, the Finance University will also be carrying out research into structured data and digital […]
MAS announces regulatory reporting will be achieved machine-to-machine via structured data and that the regulator will work to eliminate duplication within their structured data collections.
The European Banking Authority (EBA) has published an update to the XBRL taxonomy used by banks and national regulators to provide data for supervisory reporting. The update is a corrective modification of the previously published 2.7 taxonomy, which it entirely replaces. The amendments address some technical errors in the reportable content and in the XBRL […]
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