Listed below are the three most related developments on the planet of structured reporting we turned conscious of in the midst of final week.
1 Help and options for digital local weather reporting on the SEC
2 Complete report verification finally? GLEIF deploys vLEI digital identifier …
The World Authorized Entity Identifier Basis (GLEIF) marked a milestone this week with the primary ever use of the verifiable Authorized Entity Identifier (vLEI), within the signing of its 2021 annual report. The vLEI is a digitally trusted model of the prevailing LEI, designed to fulfill “an pressing, unmet want for automated digital verification of the authorized identities of companies in all places.”
The vLEI can be an necessary a part of a seamless digital reporting / evaluation worth chain.
3 Granular narrative tags give higher, sooner insights …
Is granular tagging of textual content extra helpful than giant textual content blocks? That’s the query we take into account within the closing submit in our collection on Key Audit Issues (KAMS), analysing early digital knowledge from Japan, the primary nation to require this data to be tagged utilizing XBRL.
Extra evaluation of the brand new knowledge supply out of Japan.
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Christian Dreyer CFA is well-known in Swiss Fintech circles as an knowledgeable in XBRL and monetary reporting for buyers.
We’ve a self-imposed constraint of three information tales every week as a result of we serve busy senior leaders in Fintech who want simply sufficient data to get on with their job.
For context on XBRL please learn this introduction to our XBRL Week in 2016 and skim articles tagged XBRL in our archives.
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