THE ROLE OF XBRL FORMAT FOR QUALITY CONTROL OF NON-CREDIT FINANCIAL ORGANIZATIONS REPORTING

UDC 657.6
DOI: 10.36871/ek.up.p.r.2022.06.03.004

Authors

E. A. Lukicheva
Bank of Russia; Finance University under the Government of the Russian Federation, Moscow, Russia

Abstract

Quality control of reporting data is the most important task of each organization individually and the supervisory authority as a whole. Since 2015, the Bank of Russia has been implementing the transition of non-credit financial organizations to submit reporting data in XBRL format by supervised organizations. It is aimed at improving the quality of reporting data. This is provided by the architecture of the taxonomy structure of the XBRL format of the Bank of Russia and control ratios of indicators implemented both inside and outside the taxonomy.

Keywords

reporting, non-credit financial organization, XBRL, requirement, data quality, control.