Views on improving the integrity of global capital markets
Financial Reporting System
Do You Know What XBRL Is? A Majority of Survey Respondents Do Not Know
Survey finds that companies are not using structured data, such as XBRL, in their financial reporting except when they have to for reporting to regulators.
SEC Supports Data Strategy to Better Serve Investors and Market Participants
In support of the use of data in financial reporting, the SEC commissioner proposed creating a new office and task force to design a data strategy and reimagine how data is provided to investors.
The Role of Data and Technology in Transforming Financial Reporting
The current financial reporting process is time consuming and costly. Structuring data could streamline the process and provide more transparent and timely information for investors.