Listed below are the three most related developments on the planet of structured reporting we turned conscious of in the midst of final week.
1 XBRL and why it is necessary for South Africa
That is the primary in a sequence of articles exploring XBRL. Our subsequent article will take into account how XBRL was developed and the broader benefits and drawbacks of XBRL as a monetary reporting device.
Nice to see XBRL featured with a excessive profile within the trade medium of South African chartered accountants. Comply with them for the sequels.
2 SEC extens digital submitting necessities, together with use of XBRL
The US Securities and Alternate Fee (SEC) has unanimously voted to suggest updates to its submitting guidelines for funds, funding advisers, issuers, and others. These would mandate digital submission of a variety of types and amend some to require structured knowledge reporting.
Clearly, the US SEC is on board with more and more full digitalisation of all manners of reporting processes.
3 The most important change in company reporting because the Nineteen Thirties …
Public firm reporting took a large leap yesterday—the biggest because the Nice Despair. Whereas the SEC continues to be considering its sustainability disclosure necessities, yesterday IFRS Basis printed prototype worldwide local weather sustainability reporting necessities.
What a superb introductory piece to assist make sense of the incoming sustainability requirements for normal enterprise individuals. Beneficial studying!
Christian Dreyer CFA is well-known in Swiss Fintech circles as an knowledgeable in XBRL and monetary reporting for traders.
We’ve a self-imposed constraint of three information tales every week as a result of we serve busy senior leaders in Fintech who want simply sufficient info to get on with their job.
For context on XBRL please learn this introduction to our XBRL Week in 2016 and browse articles tagged XBRL in our archives.
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