With all the talk about new technologies like blockchain, AI and Big Data, you might be wondering . . . Will Data Amplified be Covering XBRL Implementations?
Yes! Structured data done right – whether its collection, sharing or use – is the foundation of the future of business reporting, no matter what other technologies and processes come into play.
The XBRL Benchmark Track will feature sessions dedicated to the current state of business reporting, including information on XBRL Specification developments, implementation best practices and tactics to make data more accurate, accessible and available.
Explore today’s best practices in structured data reporting with the world’s leading XBRL experts. Case studies and in-depth discussions will cover the entire range of reporting problems, the latest solutions, new specifications and the improvements coming to this crucial standard.
Session: XBRL around the World
XBRL is used by more than 100 regulators in more than 60 countries, supported by more than 200 software packages and in an increasing number of corporates to facilitate structured data reporting within millions of companies. A very significant number of new projects are under development at present. This session is intended to provide: insights about some of the ways that the standard is being used to enhance accountability and transparency in business performance; current best practices ; and to help clarify the next priorities for standardisation.
Possible topics to be addressed:
- Achievements and challenges in XBRL based data collection & analysis.
- Examples of or need for regulatory co-ordination in data collection.
- How should XBRL adapt to deal with complex comparability issues? Will accounting eventually change in response to the growing need for structured data?
- How will analysis become more or less sophisticated going forward?
Session: Digital Financial Statement Disclosure
XBRL is being used by securities regulators, stock exchanges, business registrars and tax authorities to collect, review, analyse and publish entire financial statements. It does so in a way that deals with the inherent tension between structured data and principles-based reporting common practice.
Possible topics to be addressed:
- Managing data quality in financial statements
- Dealing with extensions (ESDTF recommendations)
- Inline XBRL and corporate financial reporting
- Analysing XBRL financial statements
- Challenges and solutions in dealing with comparability
- Transparency and open data
Session: Financial Regulation & Digital Risk Reporting
XBRL is being used by banking, insurance, pension and ancillary financial regulators around the world to collect high quality risk data.
Possible topics to be addressed:
- Lessons learnt for regulators and market practitioners
- Market infrastructure standards – anticipating global co-operation
- Taxonomy architecture and modeling in financial regulation data collections
- New developments and next steps for data collection in [the EU/Asia/Americas]
- Risk analysis and mitigation using structured data.
Session: Implementation Workshop
[This session is reserved for the increasingly popular Implementation Workshop run by the Best Practices Board.]
Session: Data Analytics and Comparison
Whether it’s public data or private data, increasingly sophisticated tools and processes are coming into use to allow the analysis of XBRL data. What innovations, insights and opportunities are there in amplifying structured data?
Possible topics to be addressed:
- Combining data sources to maximize value
- A policy and economic challenge for exchanges and business registrars: Data Sale vs Open Data
- Real time insights with modern data analytics
- XBRL data in financial modelling
- Regulatory analytics: insights, lessons learnt and next steps
Session: Next Generation Structured Data
Possible topics to be addressed:
- Using the Open Information Model
- Next steps for Formula
- Announcing the XBRL International Taxonomy Registry
- A road map for the XBRL standard