Introduction Following the rise in popularity of LLMs and generative AI, it didn't take long for people to start asking what this means for XBRL. Would there be exciting new opportunities making better use of AI with XBRL? Would AI reduce the cost of XBRL adoption?...
The European Single Electronic Format (ESEF) has changed how issuers experience the final stage of the audit. However, this changed experience is not the same for all. Issuers around Europe have examined the ESEF software and services markets and have made their...
Introduction My view is that most filing rules shouldn't exist; not in their current form, at least. The EDGAR XBRL Guide is 137 pages of PDF. The ESEF reporting manual is 54 pages of PDF. Every country with an XBRL filing programme has a filer manual, sometimes...
Introduction Integrated Reporting is a comprehensive approach that consolidates crucial information about an organisation's strategy, governance, performance, and prospects, considering its commercial, social, and environmental context. It enables organisations to...
EU Taxonomy reporting To drive forward sustainability goals and define what is meant by sustainable activities, the EU taxonomy has been created. It lists company activities which: Contribute substantially to one or more of the EU’s environmental objectives Do no...
The original version of the Inline XBRL specification was released over ten years ago with a wide range of features to enable filers to embed XBRL tags within an HTML file, creating a document which is both human-readable and computer readable. In my role as editor of...
Environment, Social and Governance (ESG) issues are of increasing interest to regulators. With the COP26 climate change conference being held in Glasgow, the Financial Conduct Authority chose sustainability as the theme for their 2021 TechSprint. As a software...
It is becoming common for data collection programmes to release versions of taxonomies with an expectation that external stakeholders will provide feedback on issues based on their own testing. Subsequent work and new releases allow the data collector to reach the...
In this post, we consider how relationships between the growing number of digital reporting standards can be engineered to increase the efficiency of the data across reporting ecosystems. Digital standards Reporting standards usually contain a narrative supported by...
XBRL - the good parts There's a lot to like about XBRL. After centuries of paper, and decades of opaque and proprietary digital formats, XBRL was the breakthrough technology that allowed business reports to be exchanged quickly, widely and reliably. XBRL is a mature...