The National Securities and Stock Market Commission has adopted the Resolution “On Approval of the Requirements for Disclosure of Financial Reporting Indicators in XBRL (eXtensible Business Reporting Language) for reporting entities that are participants in capital markets and professional participants in organized commodity markets.” The Resolution is already in force.
The new requirements establish clear rules for disclosing financial information using the international XBRL standard, aimed at improving transparency, standardization, and the overall quality of financial reporting provided by regulated market participants.
The full text of the Resolution is available here:
“On Approval of the Requirements for Disclosure of Financial Reporting Indicators in XBRL…”
The Kreston Ukraine team provides professional advisory support on the preparation and submission of financial statements in XBRL format in compliance with the requirements of the NSSMC. We help assess a company’s readiness for the new requirements, accurately prepare XBRL reporting, and minimize regulatory risks. Contact our experts to ensure timely and proper compliance with regulatory requirements.
