Listed below are the three most related developments on this planet of structured reporting we grew to become conscious of in the middle of final week.
1 Worldwide taxonomy for reporting SASB requirements unveiled
A lengthy time within the making, this new taxonomy will now seemingly function a constructing block for the ISSB’s sustainability normal.
2 Utilizing xBRL-CSV for granular knowledge: a proof of idea from XBRL Europe
“Our proof of idea means that xBRL-CSV might streamline the reporting course of and facilitate customers in evaluating and analysing data from throughout totally different international locations and reporting necessities, together with intensive and detailed knowledge,” says Vincent Le Moal-Joubel, knowledge scientist and XBRL knowledgeable on the Banque de France.
Whereas a knowledge normal format linking to reporting ideas will definitely discover many use instances, any insights into the rationale for small-capping the x in xBRL-CSV could be significantly appreciated.
3 XBRL reporting for Italian Confidi
XBRL Italy experiences “one other small step ahead” within the digitisation of company reporting in Italy. Credit score assure consortia often called Confidi are an necessary a part of the Italian monetary panorama. A decree from the Ministry of Economic system and Finance has established a requirement for Confidi wishing to supply credit score to file their monetary statements in XBRL format, as quickly as this feature is accessible on the Italian Enterprise Register.
It is a good illustration of a distinct segment use case in Italy.
Christian Dreyer CFA is well-known in Swiss Fintech circles as an knowledgeable in XBRL and monetary reporting for buyers.
We’ve got 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 data 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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