Tags » XBRL

We need to #SaveXBRL from being overturned

In the wake of the financial crisis in 2008, the US Government mandated machine-readable financial reports via XBRL.

That was a wonderfully progressive move that could dramatically change the efficiency and reliability of the capital markets by bringing financial reporting into the 21st century. 1,129 more words

Asset Management

Continuous AssuMining

… Where the process mining for overall assurance, as e.g., @ConeyDataDriven do so well, may spill over into straightforward data point assurance. Of sorts.
Because, when one has visual petri nets (well… sort of) at the transactions level(s) all through the systems, wouldn’t it be dead easy to have tallies at stores and flows, that can be reported on – and when audited in real time, given assurance on! 172 more words

Innovation (technologicallly Driven)

The UK Teenage Fintech Unicorn is hiding in plain sight – Monetise

For London to earn the coveted title of Fintech Capital of the World, there needs to be a couple of “poster boys”, the kind of names that trip off the tongue when people say things like: 815 more words

Asset Management

OJK's Project on XBRL Integrated Financial Reporting

Hello there, it’s been awhile since my last article. I am happy to let you know that in Indonesia, there are more regulator which has been interested on using XBRL for integrating their financial reporting. 339 more words

XBRL

XBRL Zoo: Anaconda + Arelle + Pandas + Python

  • Anaconda is called a “completely free Python distribution… It includes over 195 … packages for science, math, engineering, data analysis.” Anaconda lets us make rapid and visual financial-prototypes.
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The EDGAR time-lag is not high frequency traders’ conspiracy. But it is why XBRL is needed.

Recent articles by the WSJ’s industry watchdog Scott Patterson highlighted academic research that showed that some (assumedly professional) investors are receiving SEC EDGAR files moments-to-minutes before retail investors via a dedicated paid subscription feed. 425 more words

Industry News