With the recent news that the European Securities and Markets Authority (ESMA) has published a feedback statement setting out the use of Inline XBRL as the digital format which public companies in the European Union (EU) must use to report their company information to investors worldwide from...
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...
Great article in Accounting Today by Daniel Hood (Editor) today about the accounting profession and its relationship to technology… From Accounting Today: T homson Reuters’ Jon Baron … roughly a third of them (accountants) are dooming themselves to extinction by not embracing change and...
Great article in Accounting Today about the status of XBRL adoption worldwide and its use to reduce business and regulatory reporting burdens (using Standard Business Reporting) and enhance analytics because tagged data is in a machine-readable structured format as discussed by John Turner,...
This article explores how CFOs and senior finance executives can proactively tackle tariff disruptions by integrating advanced cost modeling, strategic alignment, and robust enterprise risk management. Strategic Context: Cost, Strategy, and Resilience Trade wars have become part of the global economic fabric
According to CERES - while almost half of the 600 largest U.S. public companies communicate with investors about environmental, social and governance issues, they could be doing a much better job of it. One “constant refrain” heard from investors is that “if a company is not talking about its...
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What’s exciting according to the Accounting Today article is that XBRL is now mandated by more than 100 securities, banking and tax authorities in more than 70 countries around the world for better regulatory and risk management. Soon – in the USA we will have Standard Business Reporting so that a public company can issue “One Report” to regulators and other interested stakeholders can this data can be extracted and shared without creating individual reports over and over again… This same principle can be applied to sustainability reporting or CSR reporting where companies are preparing many – if not hundreds of reports to interested stakeholders for natural and human capital reports for example
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