Open Reporting
From Open Risk Manual
Definition
Open Reporting is an environment where a preparer must make their own decisions about exactly which data points are to be reported.
This is commonly found in financial reporting where the reporting requirements are expressed as a set of principles that must be followed, rather than a specific set of data points that must be reported.
Open reporting environments may allow preparers to provide an extension taxonomy that defines any additional data points needed, although there are other approaches to implementing open reporting with XBRL.
