Tag: digitalreporting
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Digital First is Here
The encouraging news, as I predicted in an earlier article, is that a healthy number of European vendors now offer Digital First reporting capabilities; that is the sweet spot where well-formed HTML meets XBRL tags. While many are just starting…
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The Potential of XBRL as a Semantic Layer
Enterprises are increasingly adopting cloud-native platforms, data lakes, lakehouses, and mesh networks to transform raw business data into actionable insights. A key component in these modern architectures is the semantic layer, which makes complex data understandable to humans. In regulatory…
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Digital Reporting and XBRL Multi Target Documents
The UK Financial Reporting Council’s UKSEF framework combines multiple XBRL taxonomies using a rare approach – Multi Target Document (MTD). This unusual choice appears to create headaches for software vendors and data analysts, pushing problems down the supply chain instead…
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Digital Financial Reporting and AI
The question ‘Is Automatic XBRL Tagging Feasible Using AI and LLM systems’ is now common at XBRL conferences. Research suggests LLM systems achieve 79% accuracy when reading annual reports. However, XII research shows that using semantic tags from XBRL reports…
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Integrated Digital Financial Reporting
Digital Financial Reporting is moving to a new phase of development. The move towards standardisation using Inline XBRL (HTML with XBRL tags) are multiple. Limitations with tagging the old PDF-files, means that a new ‘digital-first’ approach is emerging using HTML-based…
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Digital Financial Reporting
Digital Financial Reporting is the new phrase for UK and European accountants, auditors, and IT departments to come to terms with, but what does it really mean? ESEF and UKSEF has required digital reports for three years and around 5,000…