transcript   Transcript

XBRL is Here for FPIs Using IFRS

Recorded on: Oct. 18, 2017
Running Time: 01:03:17

Full Transcript:

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Taken from the briefing XBRL is Here for FPIs Using IFRS recorded October 2017 in New York.

This One-Hour Briefing will discuss recent action taken by the U.S. Securities and Exchange Commission (SEC), to permit, and eventually require, foreign private issuers (FPIs) that prepare their financial statements using International Financial Reporting Standards (IFRS) to submit those reports using XBRL (eXtensible Business Reporting Language). XBRL is the machine-readable interactive data format that allows users to more easily access and analyze financial statement data. FPIs that file IFRS financial statements will be required to submit XBRL financial statements for fiscal periods ending on or after December 15, 2017 (i.e., annual reports on Form 20-F and Form 40-F filed during 2018).

Lecture Topics  [01:03:16]

Topics to be addressed include:

  • What is eXtensible Business Reporting Language (XBRL)?
  • When must FPIs reporting in IFRS start filing XBRL financial statements?
  • What will be the biggest impact on FPIs?
  • What is the impact of late/incorrect filings?
  • How different is Inline XBRL and will it be mandated?


Alexander F. Cohen is a former senior official at the SEC and now a partner in the Latham & Watkins LLP Washington, D.C. office. Paul M. Dudek is a former Chief of the Office of International Corporate Finance at the SEC and now counsel in the Latham & Watkins LLP Washington, D.C. office. Joel H. Trotter is a partner in the Latham & Watkins LLP Washington, D.C. office.

Presentation Material

  • L&W Client Alert: When Acronyms Collide: 20 FAQs for FPIs as IFRS Meets XBRL
    Alexander F. Cohen, Paul M. Dudek, Joel H. Trotter
  • XBRL Is Here for FPIs Using IFRS
    Alexander F. Cohen, Paul M. Dudek, Joel H. Trotter
Alexander F. Cohen ~ Latham & Watkins LLP
Paul M. Dudek ~ Latham & Watkins LLP
Joel H. Trotter ~ Latham & Watkins LLP
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