The Australian Taxation Office’s latest figures show a dramatic uptick in business take-up of SBR, particularly in the superannuation industry where it promises the greatest return. Data audited by Deloitte Access Economics shows the scheme saved business and government $400 million in 2014-15, with 15 million transactions pushed through SBR-enabled systems. The ATO is still getting […]
XBRL International has added a new page to its website providing examples of statements coded in iXBRL. They show clearly how it is human readable – in fact looks exactly the same as any other financial statement – and also, how the embedded XBRL component can be shown and used. A few moments on this […]
The European Securities and Markets Authority (ESMA) has today published a feedback statement setting out the digital format which issuers in the European Union (EU) must use to report their company information from 1 January 2020. It concludes that Inline XBRL is the most suitable technology to meet the EU requirement for issuers to report […]
Approximately 25,000 companies now file with their securities regulators using XBRL – most of which are in the US, Japan, China and India. This is only part of the story, as several other countries require the use of XBRL for securities filings with regulators and other organizations. For example, some 10,000 companies file XBRL in […]
XBRL Canada is dedicated to the improvement of business and financial reporting in Canada, an objective shared by its prime sponsor, Chartered Professional Accountants of Canada (CPA Canada).
We believe that society has changed to a data oriented society, one in which data is becoming available in unprecedented forms and quantities; one where more and more detailed data is being disclosed by companies; one where data ranges from detailed data to big data.
Some of the data available is structured and some unstructured. We believe that structured data is usually more useful to investors and others. XBRL is a form of structured data that is designed specifically for business and financial reporting, is based on an internationally recognized standard, is widely used around the world. As such it offers the best alternative for the presentation of data for investors and other stakeholders and for filing of information with governments under Standard Business Reporting (SBR). Most of the G20 countries are using XBRL in one form or another. Several have adopted SBR.