XBRL News about consultations, verifications and narrations
Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.
The Global Legal Entity Identifier Foundation (GLEIF) marked a milestone this week with the first ever use of the verifiable Legal Entity Identifier (vLEI), in the signing of its 2021 annual report. The vLEI is a digitally trusted version of the existing LEI, designed to meet “an urgent, unmet need for automated digital verification of the legal identities of businesses everywhere.”
The vLEI would be an important part of a seamless digital reporting / analysis value chain.
Is granular tagging of text more useful than large text blocks? That’s the question we consider in the final post in our series on Key Audit Matters (KAMS), analysing early digital data from Japan, the first country to require this information to be tagged using XBRL.
More analysis of the new data source out of Japan.
Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.
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