Right here is our choose of the 3 most essential XBRL information tales from the final week.
That is the annual replace of the IFRS taxonomy – not way more (or much less) to be mentioned, actually.
The Monetary Accounting Requirements Board mentioned Tuesday the Securities and Alternate Fee has accepted the most recent updates to the GAAP Taxonomy for submitting monetary statements with the SEC.
And similar to that, the up to date taxonomies for the world’s most consequential units of accounting requirements can be found: IFRS and US GAAP.
Many U.S. and European globally systemically essential banks (G-SIBs) have seconded workers to a digital regulatory reporting mission that mutualises derivatives reporting guidelines interpretation, expresses these guidelines as laptop code in alignment with commerce association- agreed greatest practices.
Whereas this mission is firmly located contained in the hopefully perpetually invisible plumbing of the worldwide monetary system, its influence particularly in instances of disaster is tough to overestimate.
Christian Dreyer CFA is well-known in Swiss Fintech circles as an knowledgeable in XBRL and monetary reporting for buyers.
We now have 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.
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