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  • 05 Oct 2018
  • Guru Raj Singh
  • XBRL

The advantages of XBRL

XBRL, also known as eXtensible Business Reporting Language, is an open standard reporting language that was introduced with the intention of improving the quality of financial data reporting.

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  • 01 Oct 2018
  • Guru Raj Singh
  • U.S. Securities and Exchange Commission

The Benefits of Uniform Entity Identification

In September 2018, a joint report was issued by the Global Legal Entity Identifier Foundation (GLEIF) and the Data Foundation. Among other things, the report considered how Legal Entity Identifier (LEI) adoption across US federal agencies “could streamline entity identification and produce benefits within and beyond financial markets.”

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  • 26 Sep 2018
  • Guru Raj Singh
  • Federal Data

The Federal Data Strategy: An Overview

The digital age is no longer a futuristic world, nor is it considered to have reached its tipping point. In fact, it is the contrast and its expansion and evolution will indeed continue to gain pace. As a result of this momentum, it is expected that good data management will then become increasingly essential. This is something that the US Federal Government appears to have acknowledged with its announcement of the Federal Data Strategy.

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  • 21 Sep 2018
  • Europe Filing

The European Single Electronic Format (ESEF) – What You Should Know

From 1 January 2020, issuers with listed securities in EU regulated markets will be required to prepare annual financial reports (AFRs) in line with the European Single Electronic Format (ESEF). These changes will impact thousands of companies across the EU and have the potential to change the reporting landscape in Europe.

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  • 11 Sep 2018
  • Guru Raj Singh
  • IFRS

IFRS Foundation releases educational modules for the IFRS - SMEs Standard

In August 2018, the IFRS Foundation released an additional seven educational modules in respect of the 2015 version of the IFRS for SMEs Standard. These modules aim to assist anyone who wants to prepare, use, or understand financial statements that have been prepared under the Standard.

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