Right here is our choose of the 3 most necessary XBRL information tales from the final week.
1 Oman prepares to launch XBRL disclosure portal
The ultimate countdown to XBRL reporting in Oman has begun! Oman’s Capital Market Authority (CMA) and its inventory alternate, the Muscat Securities Market (MSM), has organised a second spherical of workshops in preparation for the launch of its new disclosure portal, which is able to allow the reporting of each monetary and non-financial info in XBRL format.
Good to see yet one more market becoming a member of the world of digital reporting!
2 Workiva declares second quarter 2021 monetary outcomes
“We beat steerage for income and working outcomes,” mentioned Jill Klindt, Chief Monetary Officer. “As a result of continued broad-based demand and the ensuing top-line progress, we’re elevating our full-year income steerage vary to $430 million to $432 million.”
Workiva continues to be on a roll. Sturdy income progress, shopper base enlargement and rising gross margin present the premise for additional extension of Workiva’s management place. One other fascinating, however not trivial to drag off proper growth is its launch of a SaaS market platform lately. Notice that this creator has a industrial curiosity.
3 IFAC, AICPA, CIMA help ISSB formation to set sustainability requirements
The Worldwide Federation of Accountants (IFAC) reiterated its help for the adjustments, stating: “With its independence, good governance, and observe document of due course of, the IFRS Basis is uniquely positioned to determine an impartial ISSB inside current IFRS governance,” and noting the significance of the proposed multi-stakeholder professional consultative committee in getting all the appropriate folks around the desk. It strongly welcomed the IFRS Basis’s proposed four-point technique, of specializing in buyers, prioritising local weather, constructing on current initiatives and taking a constructing blocks method.
The appearance of really standardised, necessary, audited and due to this fact comparable and determination helpful sustainability reporting requirements is making nice strides. EFRAG’s work is already progressing, however with its a lot wider remit and stakeholder footprint, it stays to be seen whether or not it could possibly maintain its head begin.
Christian Dreyer CFA is well-known in Swiss Fintech circles as an professional in XBRL and monetary reporting for buyers.
We have now 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 info to get on with their job.
For context on XBRL please learn this introduction to our XBRL Week in 2016 and browse articles tagged XBRL in our archives.
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