Point of View is a forum for opinions and thoughts from XBRL US and the XBRL community about business, industry, finance, regulation and legislation, where data standards can play a role. We welcome your feedback on the XBRL point of view.

Banks gain with govt-shared data dictionaries (SBR)

By Campbell Pryde, President and CEO of XBRL US; and John Turner, CEO of XBRL International This blog is a follow-up to an earlier post on Standard Business Reporting in the Netherlands. The SBR white paper, Tangible benefits of data standards for business and regulators, has been updated to include details about SBR Nexus, a […more]

Artificial intelligence is smarter with structured standardized data

By Ariel Markelevich, Professor of Accounting, Sawyer Business School, Suffolk University Artificial intelligence is increasingly used to assist in financial decision making, from financial forecasting to predicting stock prices and identifying fraud. Users of AI know that there can be hurdles to overcome such as hallucinations and errors. A logical question to ask is if […more]

Standard Business Reporting Expands to Nordic Countries

The Nordic Council of Ministers, in 2016, began a program to make real time business data accessible and usable for innovation and growth across the Nordic region in an automatic, consent-based and secure manner. The program began with each country’s business registry but has since expanded to 21 government agencies from across the region. Find out more about Standard Business Reporting in the Nordic Countries.

CARB can minimize burden for global entities & California-only reporters

By Michelle Savage, Vice President, Communications, XBRL US Let global entities submit the same digital report sent to other regulators. Give entities that only report in California an open-source (free) tool. Regulations being developed by the California Air Resources Board (CARB) will require certain entities that do business in California to prepare Greenhouse Gas (GHG) […more]

Why Normalize Data?

By David Tauriello, Vice President of Operations, XBRL US For nearly 15 years, every exchange-listed public company has submitted financial data for quarterly and annual statements and disclosures to the US Securities and Exchange Commission (SEC) using the XBRL Standard. One of the challenges often cited to using this data is that the SEC requirement […more]