In 2009, the SEC adopted rules requiring issuers to submit information from the financial statements, including certain registration statements and periodic and current reports in a structured, machine-readable data language using XBRL. In 2018, the SEC modified the existing rules by requiring issuers to use Inline XBRL to improve the quality and usability of XBRL…

FERC - Current XBRL Mandate : In the United States, FERC, or the Federal Energy Regulatory Commission, regulates electricity, natural gas, oil, and the entire hydropower industry. As the commission has mandated that all of these companies submit their quarterly and annual accounts and operations information in XBRL, the companies are also leveraging the adoption…

The UK’s Financial Conduct Authority (FCA), has permitted to use UK Single Electronic Format (UKSEF), a taxonomy which is based on IFRS taxonomy and an extension of ESEF taxonomy to allow for the preparation of UK-specific ESEF accounts containing FRC taxonomy items, and based on the English language ESEF entry points. What is UKSEF? The…

WHAT IS CIPC CO-OPERATIVE MANDATE? The Companies and Intellectual Property Commission (CIPC) of South Africa first implemented XBRL-based reporting for private companies in 2018 and has been working on expanding that mandate and enhancing data quality progressively. NOTICE 52 OF 2021 by Companies and Intellectual Property Commission (CIPC) is notifying Co-operatives of the requirements of submitting…

ESG is reshaping the global landscape as stakeholders increasingly want businesses to adopt more sustainable practices. Without a doubt, the business discourse no longer focuses on growing and increasing earnings. Similarly, the investment’s emphasis has moved from a corporation that thrives on financial development to a company that considers both financial and non-financial considerations. Moving…

According to the EU’s new Corporate Sustainability Reporting Directive (CSRD), the introduction of Inline XBRL in mandatory sustainability reporting is becoming increasingly vital. Investors, regulators, and stakeholders are placing greater emphasis on Environmental, Social, and Governance (ESG) issues, resulting in new demands for companies to provide ESG data with greater transparency. WHAT IS THE ESG PROPOSAL ALL…