The XBRL Standards Board’s recent update to the ‘Designing HTML for Inline XBRL’ Working Group Note marks a significant step toward creating a unified approach for linking ‘hidden’ iXBRL facts to human-readable HTML content. This update addresses a key challenge in the world of financial and regulatory reporting—ensuring consistency and clarity across different systems such as the US SEC and Europe’s ESEF programme.
At Taxxor, we understand the complexities and demands that come with these guidelines. Our solution is built to help companies seamlessly meet the updated standards for Inline XBRL, all while maximizing data quality and presentation integrity. Here’s how we can help you navigate these changes—and why relying on traditional PDF converter solutions may not be enough.
The latest update seeks to unify the mechanisms used by various regulatory bodies for linking hidden iXBRL facts to the human-readable HTML content. This enhancement not only makes Inline XBRL reports easier to understand for consumers but also improves compatibility across different systems. For XBRL software providers and issuers, however, these changes can present challenges due to slight variations in implementation across regions.
Navigating the complexities of evolving Inline XBRL standards can be challenging, but Taxxor is here to simplify compliance. Our platform is designed to address the latest updates, ensuring that your reports are not only accurate but also fully aligned with regulatory expectations. Here’s how Taxxor supports your business in meeting these new guidelines with ease:
One of the key focus areas of the updated guidelines is ensuring compatibility between HTML and XHTML. Taxxor is built to handle complex iXBRL documents, ensuring seamless integration of visible and hidden content while maintaining strict adherence to the latest standards.
Performance and usability are critical for any Inline XBRL document, especially as companies aim to offer high-quality, easily interpretable reports. Taxxor’s platform is optimized for speed and efficiency, helping you generate reports that adhere to new standards without compromising on performance.
By addressing inconsistencies in how different systems handle linking hidden iXBRL facts, the updated guidelines aim to create a unified approach for Inline XBRL filing programmes. Taxxor helps you meet these requirements by ensuring your reports are consistent and compliant across multiple jurisdictions, including the US SEC and Europe’s ESEF.
Many companies rely on PDF converter solutions to generate reports for regulatory compliance. While these tools can provide a basic visual output, they are limited in their ability to meet the intricate demands of updated iXBRL guidelines. Here’s why:
PDF converters often strip away essential hidden iXBRL tags, resulting in reports that may appear compliant visually but fail to meet the deeper requirements of linking hidden facts to human-readable content. This can lead to inconsistencies and compliance risks.
Unlike HTML-based reports, PDFs are inherently static and cannot easily adapt to new regulatory changes or guidelines. This poses a problem when dealing with evolving standards, as PDF converters may struggle to reflect these updates accurately in their outputs.
Most PDF converter solutions lack robust validation tools for ensuring that reports align with the latest standards. Taxxor, on the other hand, provides built-in validation mechanisms, giving you confidence that every report generated meets the latest guidelines.
With Taxxor, companies can generate high-quality, compliant iXBRL reports that meet the latest guidelines from XBRL.org without sacrificing data quality or presentation. Our solution empowers you to seamlessly link hidden facts, maintain compatibility across different systems, and produce reports that are fully compliant with evolving standards.
If you’re ready to future-proof your reporting and stay ahead of changing regulatory demands, Taxxor is here to help. Get in touch today to see how we can transform your reporting process and ensure full compliance with the latest Inline XBRL guidelines.
