We're pleased to announce that Treasury & OMB have selected XBRL late last week as the common data standard that will be used to exchange government financial information as described in this news article
Interesting article … Largest democratic country in the world (India) is pushing the largest capital markets country in the world (USA) to have public companies disclose not only financial information but non-financial information to better serve both investors and the public. Including both financial and non-financial information is known as "integrated reporting" by public companies
I attended the Rutgers Business School 38th World Continuous Auditing and Reporting Symposium on November 4 th & 5 th 2016 on the Rutgers campus in Newark, NJ. William Bible, Deloitte partner , presented “Blockchain Technology – Disrupting the World of Accounting”....
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 on Blockchain technology, cloud shared public ledgers and how it can be used for state, local and federal government to provide new services to the public. Premise: Blockchain technology can be applied using distributed public record technology that can be directed to a wide...
One important issue to consider when choosing a cloud, or indeed any, software provider is the certainty of their ongoing business operations. A bankruptcy, an acquisition, or other circumstances can affect your vendor and render them unable or unwilling to continue providing the software...
I attended the Rutgers Business School 38th World Continuous Auditing and Reporting Symposium on November 4 th & 5 th 2016 on the Rutgers campus in Newark, NJ. Here are my takeaways from a cybersecurity presentation. John Gomez , CEO of Sensato Cybersecurity Solutions ,...
Nearly half (45%) of the respondents say they now act as their companies’ de facto chief data officer—reporting on a range of KPIs, including nonfinancial metrics. That storehouse of nonfinancial information represents 20% of all the KPIs tracked today
FROM December 28, 2016 BLOG POSTING: 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 January 1, 2020
Using the machine-readable, human-readable data format -- companies can create “one report” of information that can be shared across stakeholders – including regulators for more effective distribution of critical information driving investment in the capital markets
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