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Updated: 14 weeks 1 day ago
Continuing conversations with David Blaszkowsky: Where are the Experts?
Some time ago I wrote about my concerns that there were not enough XBRL experts. That generated some interesting discussion, and led to one of the questions that I put to David Blaszkowsky, Director of the SECs Office of Interactive Data (OID). In a wide ranging conversation, more of which will be included in other posts, we talked specifically about the issue. As this conversation carried on from the previous, readers should accept that the standard disclaimer is still in place.
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
XBRL International, Inc is pleased to announce its newest Provisional Jurisdiction: XBRL Romania
Romania continues to fulfill its commitment to sustainable economic development and undertakes the necessary steps to achieve major European macro-economic objectives in the context of the modern, global economy. Sustainable economic development involves a diversity of contributions from all active players within the Romanian society and economy – social partners, business partners, professional associations, academic community and civil society.
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
Technologies That Finance Executives Cannot Afford to Overlook
During this Webcast, you will discover which types of processes lend themselves best to automation. You will also hear about best practices with implementing applications of technology — including automated workflows, information collaboration tools, interactive document preparation and embedded XBRL tagging — that can improve your organization's overall productivity.
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
3 Levels of Financial Report Transparency
An interesting post at the Accounting Elf discusses how financial statements should be more like blogs. With the rise of social media and the generally higher expectations of information consumers, this is an important topic. Financial reports are after all just a channel of communication between an organization and its stakeholders and there’s certainly a lot that could be done in this area.
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
Spain, the quiet achiever
Imagine a world in which 17,000 annual budget settlements were being handled manually each year. The time and cost involved, not to mention the error rates, would be enough to challenge any organization. In fact, you'd expect something like this to have been automated years ago.
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
Continuous Compliance
Governance, Risk and Compliance (GRC) spending is increasing in the face of more regulation and investor demand, which is why Continuous Control Monitoring (CCM) software is expected to be a top investment in 2010 according to analysts AMR Research. The interest in CCM is another good reason for using XBRL internally within your organization.
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
Impact of SEC’s XBRL Level IV Tagging Mandate
Join Clarity Systems on March 16 at the Hyatt Grand Central Hotel for a compelling briefing, complete with a presentation from a large, accelerated filer that has ‘been there and done that’, which will help you understand your options to address all of the SEC XBRL timelines.
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
It’s an XBRL world. When will we learn the language?
XBRL International is seeking feedback on a new document that examines the future business requirements and technical roadmap for eXtensible Business Reporting Language.
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
IASC Foundation publishes proposed IFRS Taxonomy 2010
On 19 February, the IASC Foundation published for public comment an exposure draft of the IFRS Taxonomy 2010. The proposed taxonomy is consistent with IFRSs and the IFRS for Small and Medium-sized Entities (SMEs).
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
Interactive Data: Phone a Friend At The SEC
Many SEC reporting managers may not look to the SEC as an obvious place to seek quick answers to the details of new rules. I would expect an inquiry call to go unreturned, or the answer to be riddled with caveats.
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
XBRL Ecosystem
The XBRL International Standards Board at XBRL.org have recently published an interesting document that calls for input on ways to evolve the XBRL specification over the next decade. They identify 3 key goals.
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
Fear Factor: Detail Tagging Edition
The cloud of fear surrounding the next phase of the XBRL Mandate, Detail Tagging, has been growing darker as vendors release the numbers on just how many tags are going to be required to be compliant. The truth is, some companies’ notes have a whole lot of numbers (sometimes in the thousands) that are going to need tags when the time comes
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
Sage Stuffs XBRL Turkey
I am indebted to Conor O’Kelly for his tweeting about Sage, a leading UK SME ERP vendor, taking XBRL seriously. Sage has established an XBRL microsite to cover all aspects of their engagement with XBRL and provided an ‘everything you need to know’ white paper to outline their thoughts. What’s useful about this paper is that it clearly lays out the Sage product roadmap for supporting XBRL/iXBRL across their diverse product range. A paragon of clarity and transparency, just like XBRL.
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
Demystifying XBRL
KPMG have published some useful guidance for UK corporations in a short paper called Demystifying XBRL. Despite starting with the rather odd assertion that XBRL tags work in a similar way to barcodes (er, no), the paper has lots of great advice for prospective UK filers of iXBRL-based Corporation Tax (CT) returns – especially in sections 6-8. The paper supports the upcoming UK iXBRL Roadshow, which no matter how you spin it, just doesn’t sound that exciting…
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
A conversation with David Blaszkowsky, Director of OID (XBRL) at the SEC
Earlier last week I had the pleasure of spending some time (over the phone) with David Blaszkowsky, Director of the SEC's Office of Interactive Disclosure. We covered a number of issues, too much in fact to put into a single article, so there will be more from David over the coming weeks.
The Office of Interactive Disclosure (OID) carries the heavy responsibility of implementing the SEC's Interactive Data rules for GAAP for public companies, for mutual funds and for ratings (links and names),...
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
IFRS and XBRL in the Oil and Gas Industry – What you need to know now
There is an urgent need to prepare for the adoption of IFRS in Canada and to understand how the emerging corporate reporting landscape will be impacted by XBRL (eXtensible Business Reporting Language). The SEC in the U.S. has already enacted regulations that cover mandatory reporting in XBRL. In 2011 these SEC rules will have significant implications for Canadian companies as foreign filers using IFRS and the associated IFRS XBRL taxonomy.
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
XBRL International Seeks Broad Input on Discussion Document
XBRL International, Inc., (XII) released “XBRL: Towards a Diverse Ecosystem” today, a Discussion Document seeking public comment on the future business requirements and technical roadmap for the XBRL business information standard.
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
Davos Mistakes about Securitization
I watched a C-SPAN replay tonight of a Jan. 29 panel at Davos in which five industry leaders pontificate about the future of the world. This was after tonight’s 60 Minutes lead report on the exclusive Davos gathering. The 60 Minutes report was as good as ever, but a failure of vision makes itself apparent in the Davos C-SPAN tape.
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
Complexity & Chaos vs. Clarity & Communication
The C words – complexity and chaos or clarity and communication are at the root of the Global Accounting Alliance’s (GAA) latest report – Making Financial Reporting Simpler and More Useful (The Way Forward). People seem to think that financial reporting is too complex, there is not enough clarity and that existing standards, as they evolve guided by committees of blind watchmakers, are contributing to the chaos
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
The FAF learns from IBM: “Never confuse sell with install”
Many years ago when I worked for the (then) largest computer company on the planet, I learned a phrase that probably helped them become the largest computer company on the planet: "Never confuse sell with install".
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[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
