XBRL News from Michigan, Taiwan and the SEC

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.

1  Machine-readable financial reports get a look in Michigan

2  Cloud reporting platform assists Corporate Governance 3.0

Zicheng recommends making good use of digital technology to improve the quality of financial reports and strengthen ESG information disclosure to help enterprises achieve sustainable operation.

This piece in the original Chinese discusses how Taiwanese corporate governance 3.0 is assisted by technology, in particular when it comes to sustainability reporting in XBRL. 

3  SEC accepts crypto update to GAAP taxonomy

The Securities and Exchange Commission (SEC) accepted third quarter supplemental updates to the Financial Accounting Standards Board’s (FASB) Generally Accepted Accounting Principles (GAAP) Financial Reporting Taxonomy, which companies use in their financial reporting, the SEC and FASB announced this week.

Rapid fire accounting standard changes require equally fast changes in XBRL taxonomies. Here goes …

 

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Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.

 We have a self-imposed constraint of 3 news stories each week because we serve busy senior leaders in Fintech who need just enough information to get on with their job.

 For context on XBRL please read this introduction to our XBRL Week in 2016 and read articles tagged XBRL in our archives. 

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