Great article from the European Securities Market Authority on what EU public companies must do using the new Inline XBRL Global Data Standard for Better Transparency & Accountability by putting financial and non-financial financial statement info in a machine-readable format.
The USA Securities & Exchange Commission is following the same procedure and is now allowing foreign filers to the EDGAR System to submit IFRS if those companies are using Inline XBRL.
Using XBRL in the USA and EU will allow better comparability to manage risk and protect the capital markets creating investment and jobs to support our economy.
IMA supports the use of XBRL to support greater transparency and accountability in the capital markets.
Stay tuned for new development and learn more at the upcoming Data Amplified Conference in Paris on November 6-8, 2017 to hear more developments related to XBRL, BlockChain and Shared Ledger and its relationship to the management accountant.
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