Other countries such as Japan, China, Australia, UK, Israel and the Netherlands are using XBRL for financial statement transparency and accountability to help companies better obtain investor interest by having the information in a machine-readable format linked to common accounting definitions to support comparability across companies and industry sectors. This week, US SEC Commissioner Kara Stein hinted in testimony that the securities regulatory agency will shortly be moving XBRL to the iXBRL data format to better help investors utilized company financial statement tagged data: https://www.sec.gov/news/statement/stein-statement-on-proposed-pay-for-performance.html US Treasury is expected to announce the financial standard data format and draft taxonomy (financial data definitions) that will be used across the federal government by the end of May 2015
GREAT NEWS TODAY... The US Securities and Exchange Commission has voted today to move forward in mandating the use of Inline XBRL for US public company financial statement disclosure. See below story blogged on December 28, 2016 in which we discussed the possibility of the US SEC taking...
Great article about UK’s new narrative reporting framework for listed companies, banks and insurance enterprises with more than 500 employees that went into effect for financial reporting periods on or after January 1, 2017 . Companies, banks and insurance enterprises will be required...
Earlier this week the US Securities and Exchange Commission's Office of Minority and Women Inclusion (OMWI) issued a report aimed at helping SEC-regulated entities assess diversity efforts to the capital markets and other interested stakeholders
Darrell Issa, R-Calif., this week, would eliminate document-based financial filings
More than 2/3 of the world’s capital markets are using the IMA supported XBRL global structured data format for both financial and nonfinancial disclosures. More than 100 regulators in more than 70 countries have mandated the use of XBRL for financial and business reporting which includes...
New US SEC rule announced last week will allow investors with modest wealth to invest in smaller, start-up companies through Crowdfunding
Dear TSP Committee Members: Great speech last week from Richard Berner of the US Treasury Office of Financial Reporting at the Financial Regulation Summit: Data Transparency Transformation in Washington, DC on Tuesday, March 24, 2015
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Watch out United States EDGAR Online – the European Union is building a “next generation” -- “EDGAR-LIKE” corporate disclosure platform to be used by 28 EU member states for global investors that will be built upon BLOCKCHAIN and global financial and non-financial data access standards like...
Yesterday at a summit of central bank governors in Amsterdam -- the governor of the Bank of England warned that climate change could have a "catastrophic impact" on the global financial system. Speaking at the summit -- Mark Carney reiterated previous warnings that the global financial system...