Month: February 2024
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Navigating the Future of Audit Data Collection: The Role of XBRL-CSV in Modern Auditing
Views: 1 Navigating the Future of Audit Data Service: The Role of xBRL-CSV in Modern Auditing The advancements in audit data collection methodologies emphasize the significance of xBRL-CSV[1] in addressing the complex requirements of modern auditing. This forward-looking perspective suggests how audit data collection standards, developed by ISO/TC 295 and refined through SG1 and AWI projects, are adapting to meet the needs of real-time, comprehensive, and ESG-inclusive auditing practices. 1. History of ISO/TC 295 Audit Data Services 1.1. The China National Audit Office Established in 2010, GB/T 24589 is a crucial standard that mandates all Chinese businesses to annually submit their financial data, aiming to boost transparency and compliance across […]
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Understanding Class Diagram Association and Property Definitions: A Practical Guide
Views: 3 Understanding Class Diagram Association and Property Definitions: A Practical Guide In the world of software development, Unified Modeling Language (UML) class diagrams are essential for visualizing and designing the structure of systems. Two critical concepts within these diagrams are associations and properties of classes. To illustrate these concepts, let’s explore a practical example: modeling the association between journal entry headers, journal entry lines, and a chart of accounts in an accounting system. Our graph traversal mechanism is specifically engineered to recognize the navigable ends of unidirectional associations as properties, ensuring an optimized and directed approach to referencing associations. This approach is adopted to streamline traversal efficiency by avoiding […]
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Requirements for XBRL-GL SRCD Taxonomy Using XBRL-CSV with Hierarchical Tidy Data Structure
Views: 2 Requirements for XBRL-GL SRCD Taxonomy Using XBRL-CSV with Hierarchical Tidy Data Structure 1. Prerequisite Understanding XBRL-GL SRCD Taxonomy with XBRL-CSV 1.1. Difference Between FR and GL XBRL Financial Reporting (FR) and Global Ledger (GL) serve distinct purposes: XBRL FR: Used for high-level financial reporting like balance sheets and income statements for external stakeholders. Elements in XBRL FR summarize financial data. XBRL GL: Captures detailed, transaction-level information for internal use, such as audit trails and operational reporting. It requires a finer granularity of ata, with elements capturing every minute detail of financial transactions. 1.2. Role of SRCD in XBRL-GL The SRCD module connects detailed GL data with FR summaries: […]
