Multi-Currency Financial Reporting: XBRL Standardization Challenges & Intelligent Solutions
Core Challenges in Multi-Currency XBRL Implementation Comparative analysis of IFRS vs US GAAP reveals significant discrepancies: ① ESMA taxonomy mandates Euro as functional currency; ② HKEX permits dual currency tagging (local vs reporting); ③ Latin American SBR frameworks set ±2% FX fluctuation threshold (vs BCBS 239’s ±0.5%). 2023 global data shows: 48% XBRL instances rejected…