XBRL News for investors, Australia, and data quality

Here is our pick of the 3 most important XBRL news stories this week.  1 Investor Forum 2020: Ready for anything Periods of crisis demand access to high quality, consistent, timely data, as the oil that keeps the cogs in our economic machine running. This half-day forum addresses how standards have been used to manage […]

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XBRL News: ESEF, sustainability standards and business models

Here is our pick of the 3 most important XBRL news stories this week.  1 ESEF audit The introduction of the new European Single Electronic Format (ESEF) includes a set of requirements around assurance of digital disclosures – but how will “ESEF audit” actually work? The European Commission (EC) has now published a long-expected explanatory note clarifying aspects […]

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XBRL News about regtech, mostly (ESEF, UK, HK)

Here is our pick of the 3 most important XBRL news stories this week.  1 Global regulatory community lines up behind behind digital reporting The global regulatory community has put its support behind digital regulatory reporting (DRR) initiatives acknowledging supervisors require the ability to collect better quality data more efficiently. The Bank of International Settlements (BIS), […]

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XBRL News: SEC enforcement, investment-grade sustainability data, invoicing

Here is our pick of the 3 most important XBRL news stories this week.  1 SEC targets issuers and officers for disclosure violations through data analytics The SEC has invested heavily in ramping up its ability to leverage “big data” in order to spot anomalies or inconsistences that are potential indicia of financial reporting violations.  […]

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XBRL News: Blockchain, specifications and ESEF

Here is our pick of the 3 most important XBRL news stories this week.  1 Blockchain and XBRL: The Myth Currently, many jurisdictions around the world require public companies to produce financial reports using XBRL. The myth that blockchain could replace XBRL in the production of financial information is incorrect. Blockchain is not a data […]

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XBRL News: SupTech, future of reporting, taxonomy guidance

Here is our pick of the 3 most important XBRL news stories this week.  1 Digital Regulatory Reporting is here After a decade of data challenges, Regulators are now taking cautious steps towards new reporting technology. New reports issued this month show that DRR finally has traction and that demand for better solutions is high as the industry pinpoints which areas to deploy it.  We may […]

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XBRL News: EU Single Access Point, SASB goes XBRL and ISDA standardisation

Here is our pick of the 3 most important XBRL news stories this week.  1 EU to move forward with Single Access Point This week the European Commission (EC) has announced that a new European Single Access Point for seamless access to financial and sustainability-related company information will be set up in the second half […]

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XBRL News: Reshaping ESG / sustainability reporting now

Here is our pick of the 3 most important XBRL news stories this week. They’re not narrowly about XBRL, yet – but will be when the development comes to maturity.  1 Sustainability frameworks collaborate for comprehensive reporting Long-time readers of this newsletter will know that one of the major issues holding sustainability reporting back has […]

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XBRL News: value add, LEI + ESEF = trust, financial executives’ radar

Here is our pick of the 3 most important XBRL news stories this week. 1 Discovering the added value of XBRL Professor Monika Kovarova-Simecek, Academic Director Economic and Financial Communications at the St. Pölten University of Applied Sciences, recently shared her thoughts on XBRL’s role in the digital transformation of financial reporting. Everybody talks about […]

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