Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.
Should the ‘X’ in ‘XBRL’ be capitalised? How do different terms relate to different specifications and formats? And what do we mean by xBRL-XML? These are questions we are sometimes asked, so we thought it was time for a quick clarification. For more on essential XBRL-related terms, the XBRL Glossary is also an indispensable resource.
At last, we are tempted to say! The powers that be have heard our plea for an explanation of the difference between XBRL and xBRL – but go read for yourself!
Another really interesting session at the 30th XBRL Europe conference was the plenary session on environment, social, and governance (ESG) matters, with presentations now available to peruse online. It focused particularly on the crucial theme of how digital thinking is being built into emerging ESG standards.
The challenge is massive, but we will have to rise to it: create sustainability reporting standards, their delivery mechanism (XBRL) and use them in actual reporting, and all that within a mere 2 years …
Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.
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