In a view to standardise the reporting format for public companies filing in Europe, the ESMA has mandated to make iXBRL as a structured reporting standard.
The CIPC has brought out a new rule regarding submitting your AFS/FAS before your AR. Click here to read about it and how it can affect you.
The SEC has brought out a new release- EDGAR Release 18.3. A major part of this release has been focussed on improving the quality of XBRL that the SEC has been receiving. Click here to read how it can affect you.
If companies miss reporting certain disclosures, they are required to file an amendment. Investors, market analysts and stakeholders see amendments as a red flag as registrants are expected to submit complete and accurate information in their first attempt itself. Read how you can avoid this here.
Inline XBRL provides a mechanism for tagging data items in the Hidden Section as they do not normally appear on the human-readable side of the AFS. Here we take a closer look at which items should be tagged here and when.