Today XBRL spreads around worldwide, and the demands are higher. The financial reporting is now a tool where the data is understable for computers and humans, and XBRL was a pioneer some year ago with the intelligent report. This is the most achievement in the financial reporting technology. Reporting Estándar always has been in the … Read more
XBRL continue their expansion around the world, and South Africa is another model to implant XBRL. “The growth of XBRL in South Africa continued to rise when on the 1st of July 2018, the Companies and Intellectual Properties Commission (CIPC) enforced its right to prescribe the use of XBRL for financial reporting (in line with … Read more
GLEIF, Global Legal Entity Identifier Foundation is an institution to ensure efficiency, transparency and trust to legal entity identification. The reports issued in iXBRL can be open with www.papirix.com and editable the XBRL tags. https://www.gleif.org/en/about/governance/annual-report “GLEIF pioneered the inclusion of LEIs in digital, machine‑readable financial reports. In partnership with the standard setting organization, XBRL International, … Read more
New taxonomy published by ESMA The Friday 20th of December, the European Securities and Markets Authority (ESMA) published a new version of the ESEF Taxonomy. This new version comes to replace the ESEF draft Taxonomy of 2017, based on IFRS 2017. This taxonomy have been prepared based on the more modern IFRS 2019, as a … Read more
Reporting Estándar makes available the first standalone tool designed to aid business users, rather than technical users, to visualize the content of an XBRL instance document.
The XBRL file viewer tool is an easy-to-use standalone application that permits reviewing, in detail, an XBRL instance document.
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The screen capture above shows the content of a test balance sheet
European Single Electronic Format – Questions & Answers summary (ESEF Q&A) The European Commission has published the ESEF RTS and, at the same time, has accompanied it with an ESEF Q&A; providing the whole sector with answers to the most common questions. Here you can find the full European Single Electronic Format Reporting Technical Standard … Read more
Why are we talking about XBRL in the Auditing world? The answer is very simple. XBRL was first conceived by an Auditor (Charlie Hoffman CPA) and pushed in the first years by AICPA (American Institute of Certified Public Accountants). This is the reason why, since the beginning, the most important auditing firms (the big four) … Read more
Credit Risk Agents The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) Joint Committee has updated a second amendment to the Implementing Technical Standards (ITS) on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk under the Capital Requirements Regulation (CRR). The amendment assumes the work completed after … Read more
The XBRL Taxonomy Builder tool is a fully functional tool and powerful tool to develop XBRL taxonomies from Excel files. Benefits of using Excel for XBRL Taxonomy Building The XBRL Taxonomy Builder is divided in two parts: The first part is the taxonomy content. This is composed by the data dictionary, the relationships between the … Read more
XBRL around the world XBRL International; the Consortium of the XBRL standard in the world; has published an exhaustive list of the countries which are using XBRL currently. Digitization of each part of our lifes is quickly growing. The financial reporting according the XBRL is in the same way; so they have listed every single … Read more
Reporting Estándar
XBRL International member
Member of the Spanish Association of Business Accounting and Administration
XBRL Europe member