XBRL News about Georgia, human rights and digital financial reporting

admin 20 October 2022 Technology & Digitalization 0

Here are the most relevant developments in the world of structured reporting we became aware of in the course of last week.

1 Human rights reporting needs machine readable data

The Danish Institute for Human Rights has published a notable discussion paper on sustainability reporting and human rights. It reports on a project which aimed to use algorithm-assisted analysis of a large number of company reports contained in the Global Reporting Initiative (GRI) Sustainability Disclosure Database to glean human-rights insights.

One of the core challenges of ESG reporting is losing the forest for the trees. Structured data will be an essential tool to help identify and harvest relevant data points from the increasingly overwhelming info dumps.

2 Implementing XBRL in Georgia: a case study

CoreFiling has published an interesting case study giving us a look into XBRL adoption in a new country, with a data modernisation project run by the National Bank of Georgia. This sought to harmonise with European best practice in banking regulation, and to replace complex and challenging data processing with a more efficient XBRL-based solution.

Georgia, the country, not the state, for the benefit of our US friends.

3 Register for online workshop about digital financial reporting

Join an online workshop on 18 November 2022 that explores issues relating to digital financial reporting and digitalisation of financial reports. The workshop will take place from 11:00 to 13:00 GMT/12:00 to 14:00 CET. The session will be held by the International Accounting Standards Board in conjunction with the European Accounting Association (EAA) and the European Financial Reporting Advisory Group (EFRAG).

Here’s your Call To Action: go register – please?

—————————————————————

Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.

We have a self-imposed constraint of 3 news stories each week because we serve busy senior leaders in Fintech who need just enough information to get on with their job.

For context on XBRL please read this introduction to our XBRL Week in 2016 and read articles tagged XBRL in our archives.

New readers can read 3 free articles. To become a member with full access to all that Daily Fintech offers, the cost is just USD 143 a year (= USD 0.39 per day or USD 2.75 per week). For less than one cup of coffee you get a week full of caffeine for the mind.

Default/Ignore ESG georgia IFRS XBRL

XBRL News about Georgia, human rights and digital financial reporting