2018 US taxonomies released for SEC approval FASB, the US accounting standards setter, published the 2018 GAAP Financial Reporting Taxonomy and the 2018 SEC Reporting Taxonomy (“SRT”), pending final acceptance by the regulator. The new SRT taxonomy incorporates a range
Ukraine Plans to move towards a “Hub and Spoke” based single financial reporting 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.
SEC Takes Further Steps Towards Inline XBRL On October 11, the US Securities and Exchange Commission (SEC) proposed a significant series of amendments concerning Regulation S-K. The proposed amendments are intended to modernize and simplify certain disclosure requirements in Regulation
SEC moves to accept Inline XBRL The 13th of June 2016, the SEC announced a voluntary program allowing firms it regulates to use Inline XBRL (or “iXBRL”). The SEC has told to US listed companies that they can file their
A study conducted by CFA Institute looks at how technology can be harnessed to reform the reporting process end-to-end—in other words, to identify ways to effectively capture, manage, analyze, present, and deliver financial data. The report shows how companies structuring