In this interview, Glenn Doggett, CFA, director of standards of practice at CFA Institute and Jim Allen, CFA, head of capital markets policy at CFA Institute, discuss the current state of play and changes that should lead to increased acceptance of XBRL by users of financial information.
Glenn Doggett, CFA, is a director of professional standards at CFA Institute. His responsibilities include providing member guidance in applying the ethical and professional conduct standards of CFA Institute. In addition, Doggett is a specialist in XBRL.
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Treasury Secretary Steven Mnuchin has told a Senate Appropriations subcommittee that prompt action is needed to raise the debt limit. Debt is being held below a cap of almost $20 trillion by accountancy and cash-management methods, Mnuchin says, but this carries a real cost to taxpayers and creates investor unease. Bloomberg (26 Jul.)
Airbus said second-quarter profit fell 27% as it scaled back production of the A380 superjumbo airliner, which is getting a chilly reception from airlines. The company said it is also suffering from problems with engines it buys from Pratt & Whitney. Bloomberg (27 Jul.)
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