xbrl taxonomy

Solutions

XBRL Taxonomy Design and Management

Create the reporting structure to collect digital data

Many data collectors, such as regulators or analysts, are challenged by structuring and defining the information elements that enable the collection of high quality information. Deloitte helps to create structured reporting sets by designing XBRL taxonomies to collect data in digital form.

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Challenge

Regulators, standard setters, and investor communities collect information to execute regulatory policies, to develop principles and guidelines, and to make investment decisions. The collection of data requires creation of reporting sets that are readily understandable by the reporters. Yet, many data collectors have difficulty in structuring and defining the elements that enable the provision of consistent and high quality information. 

Deloitte helps organisations to design reporting sets for the exchange of data using the XBRL standard.

Added value

The XBRL taxonomy is a precise reporting set that defines all reportable items and provides supporting information, such as a hyperlink to the regulator site explaining the reporting requirements in more detail. It enables users to identify individual reporting elements and tag this data in reports which can easily be shared digitally. As a result, report users, such as regulators, investors, and analysts can better find and analyse information.

Contact

Claudine Cassar

Claudine Cassar

Director

Claudine joined Deloitte in 2015 as part of the acquisition of the Alert Group - a leading player in the Maltese ICT sector, offering solutions to clients’ eBusiness requirements. The acquisition brou... More

Damian Heath

Damian Heath

Senior Manager

Damian has worked on numerous projects in the financial industry including ERP, Business Intelligence, Treasury and bespoke development projects, with budgets in excess of 7 figures. These projects ha... More