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XBRL for Rugby FansFebruary 5th, 2010 by Stewart McKie - Executive Advisor
As we prepare for the first matches in the annual Six Nations Rugby tournament here in Europe, I am reminded of the fact that the 20th XBRL Conference is in Rome, home of Italy’s Stadio Flaminio, famously used for burning Christians in Nero’s time. This being the case, it will surprise no readers of my Rivet blog posts that I have discovered some interesting synergies between the state of XBRL and Rugby. Audit ThreatsFebruary 2nd, 2010 by Stewart McKie - Executive Advisor
The Auditing Practices Board (APB) of the Financial Reporting Council (FRC) has published a useful set of guidelines for auditors, XBRL Tagging of Information in Audited Financial Statements – Guidance for Auditors, which also functions as a good introduction to certain aspects of the use of iXBRL in the UK. Read the rest of this entry » iPlatforms and XBRLFebruary 1st, 2010 by Stewart McKie - Executive Advisor
Bain Capital Venture’s recent $12m investment in EDGAR Online is clear evidence that wary software industry investors are starting to believe in the potential of a global financial ecosystem based on XBRL-tagged data. But I think there’s another reason for this confidence in the future of XBRL. Savvy tech-industry watchers also recognize that the proliferation of ‘iPlatforms’ means many more ways to deliver useful financial information by leveraging XBRL. Read the rest of this entry » XBRL and Augmented RealityJanuary 29th, 2010 by Stewart McKie - Executive Advisor
Once again, no-one invited me to Davos this year, so I’ve been spending my time noodling about XBRL analytics and in particular the visualization of XBRL data. Which led me to this odd couple: XBRL and Augmented Reality. By the way, I think Walter Matthau is perfect for the part of XBRL. Read the rest of this entry » Myths and Legends of XBRLJanuary 29th, 2010 by Stewart McKie - Executive Advisor
I love round-up articles. You know, those pieces so beloved by editors that give a snapshot of a topic from different perspectives. That’s why this one - Regulators are champions of XBRL – fresh and pink in the Financial Times, caught my eye. Read the rest of this entry » The Sunshine BoysJanuary 27th, 2010 by Stewart McKie - Executive Advisor
When I saw the SEC Climate Portal on a Google search results page, I mistakenly thought this was the US S.E.C.’s rather than the Singapore Environment Council’s climate change portal. But I wonder how long it will be before we do see an S.E.C. climate portal? Given the increasing interest in the potential impact of climate change on businesses worldwide and item 2 on the agenda for ‘The Sunshine Act’ meeting on Jan. 27, 2010: Item 2: The Commission will consider a recommendation to publish an interpretive release to provide guidance to public companies regarding the Commission’s current disclosure requirements concerning matters relating to climate change. Read the rest of this entry » Interview with Mr. Patrick Quinlan President of Rivet SoftwareJanuary 26th, 2010 by Patrick Quinlan - CEO
Reposted from XBRL Blog Patrick Quinlan is the President of Rivet Software, a Denver, Colorado-based company that is pioneering the future of global financial communications. Patrick comes to Rivet as a business executive with a proven track record of startup development, funding strategies, and capital investment success. He brings experience in the small and emerging business space and is skilled in executing strategic planning, performing market analysis, and guiding new product development. As the CEO of several successful startups and as a consultant, Patrick has helped many companies build and manage effective sales teams, meet revenue goals, and achieve peak performance. He graduated from the University of Kansas and holds an MBA from Regis University. 1. Why is XBRL so superior in technology to its other alternatives? XBRL is designed for superior flexibility, yet in a standardized format. Since XBRL is based on the well-developed and accepted technology XML, it’s much more accepted by technical and business users. Read the rest of this entry » Transparency on PurposeJanuary 26th, 2010 by Stewart McKie - Executive Advisor
In a recent post It is NOT different this time, and XBRL will not avoid the coming crisis, author Daniel Roberts quotes Dennis Santiago, CEO of Institutional Risk Analytics, as saying: “bottom line is that as long as people are allowed to create opacity on purpose in finance these problems will resurface from time to time.” Something that strikes me as worth reflecting on. Read the rest of this entry » The Seamless Audit TrailJanuary 25th, 2010 by Stewart McKie - Executive Advisor
Eric Cohen and other XBRL-GL evangelists have been advocating the idea of a seamless audit trail for some time now. Potentially there’s a lot of complexity to this idea involving metamodels of ERP data in UML and so on. But I’m a simple person, so I tend to think of the seamless audit trail as a refinement of a basic function of any accounting or financial reporting software package: Drilldown. Read the rest of this entry » Treadware: The Future of Financial Reporting Software?January 22nd, 2010 by Stewart McKie - Executive Advisor
A couple of years ago, the chairman of the International Accounting Standards Board, Sir David Tweedie, is reported to have said “the future of financials is non-financials”. But I would like to suggest that in fact, the future of financials is feet. Or at least that’s the way it seems here in the U.K. as we prepare for corporate footprint reporting in July 2011. Read the rest of this entry » |
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