Month: June 2019

Point of View - Issues, Interviews & Opinions

Standards to improve surety bond claims processing

David Hartman, Director, Analytics, IFIC Surety, and Michelle Savage, VP Communication, XBRL US

When a project is bonded, the surety must be prepared to answer the call in the event subcontractors or vendors are not paid or project performance is not up to snuff. Data standards can ease that process for the principal, the obligee, and the surety.

Point of View

artificial intelligenceBlockchainstandards

Should blockchain or AI replace XBRL?

Mohini Singh, Director of Financial Reporting, CFA Institute, and Campbell Pryde, President and CEO, XBRL US

Both blockchain and AI have been suggested as technologies that should be considered instead of the XBRL data standard. But what are they, really? Can a technology replace a standard? Or is XBRL complementary to AI and blockchain?

The national consortium for
the business reporting standard

XBRL US is a not-for-profit organization supporting the implementation of digital business reporting standards through the development of taxonomies for use by U.S. public and private sectors, with a goal of interoperability between sectors, and by promoting XBRL adoption through marketplace collaboration.