PLEASE NOTE: XII is launching a new website on 19 September at approximately 2PM UTC. You may experience a short period where the XII website is unavailable. We apologize for the inconvenience. Any outage should be temporary.
Clik graphic to learn about XSB Strategic Initiatives
News Headlines - See News Archive for other specific areas of interest
Act now and register today to take advantage of knowledge, networking and insight opportunities at XBRL23.
XBRL23 will feature case studies and panel discussions in six tracks led by technology, business and regulatory leaders allowing you to realize XBRL’s true potential and benefit from the creativity and insight of XBRL experts worldwide.
See agenda details here.
XBRL23: "Opportunity for Enhancing Business Performance with XBRL" is produced by XBRL International, Inc. and is hosted by XBRL Canada (25-27 October 2011, Montreal, Canada). Sponsorship opportunities are still available. Enquire at email@example.com.
XII Board of Directors - Nominations Sought
XBRL International will be holding elections for the XBRL International Board of Directors (XII Board) during the XII Member Assembly meeting held on 2011-10-25 in Montreal, Canada. The XII Board is currently seeking candidates for the following categories:
- Three (3) Jurisdiction Voting Representatives;
- Three (3) Organisational Direct Member representatives;
- Five (5) At-large seats, of which one is reserved for the Treasurer, eligible to any candidate (including Jurisdiction and Organizational Direct members, any XII eligible participant or any other individual)
Nomination period closes 7 October. Full details regarding the nominations process can be found here. Please download and read this document carefully before making your nominations.
Committee Nominations Sought
XBRL International (XII) is seeking candidates to fill positions on the following three(3) XII Standing Committees:
- Nominations Committee
- Membership Development Committee
- Finance and Human Resources (FHR) Committee
These committees are critical to the continued successful operation of XII and the advancement of the XBRL standard. Nominations are due by 23.59 UTC on Friday 7 October 2011.
Please download and carefully read the nominations document before submitting your nomination.
GRI Taxonomy Review Team Nominations Sought
The GRI Taxonomy Project is inviting nominations for participation in the GRI Taxonomy Review Team for a period of four months, commencing October 2011. The Review Team will consist of 8-12 members; candidates should have knowledge and experience with XBRL and be familiar with sustainability reporting. Interested candidates should submit their CV and letter of motivation (max one page A4) by email to the GRI Secretariat at XBRL@globalreporting.org. Nominations close on 26 September 2011.For more information on nomination requirements and procedures, please click here.
The Financial Accounting Standards Board today published for public review and comment Taxonomy Changes for Accounting Standards Update No. 2011-05— Comprehensive Income (Topic 220): Presentation of Comprehensive Income.
This taxonomy change will be available for public comment through October 10, 2011. These changes will be incorporated into the proposed 2012 U.S. GAAP Financial Reporting Taxonomy, which will be available in Q3 2011 for public review and comment.
Greg Soulsby Named Chair of XII Comparability Task Force
XII is pleased to announce that Greg Soulsby has been named chair of the XBRL Comparability Task Force. The Comparability Task Force is tasked with enhancing the comparability of XBRL data on a global basis through the delivery of a set of detailed use cases, models and related artifacts comparing XBRL instance documents which are based on different taxonomies in various configurations.
The European Insurance and Occupational Pensions Authority (EIOPA) is currently developing harmonized Solvency II Quantitative Reporting Templates
EIOPA is also developing XBRL taxonomy describing the Solvency II reporting in the harmonised data format to be used for the transmission of Quantitative Reporting Templates. EIOPA invites market participants and other interested parties to provide feedback at this early stage while technical choices and solutions within the taxonomy are being developed. Responses due by 7 September 2011.
Press Release:PKF (UK) LLP becomes CoreFiling’s latest Seahorse iXBRL partner
Oxford, 22nd July 2011. CoreFiling, the company that invented the Inline eXtensible Reporting Language (iXBRL) format, has announced a partnership agreement with PKF (UK) LLP, a leading firm of accountants and business advisers, for the marketing of its Seahorse Inline XBRL (iXBRL) tagging solution.
IMA Supports XBRL as Solution to Bringing Transparency and Accountability to
the US Government and Capital Markets
Montvale, N.J., July 20, 2011 – IMA®, the world’s leading and largest association focused exclusively on advancing the global management accounting profession, announced today its support of “The Digital Accountability and Transparency Act” (the DATA Act) (H.R. 2146) and urges the full U.S. House of Representatives to proceed on the bill’s passage. IMA supports the use of eXtensible Business Reporting Language (XBRL) to achieve the bill’s goal of providing accountability and transparency of federal government spending.
Vacancy: IFRS is looking to recruit Senior Project Manager, XBRL
The IFRS Foundation is looking to recruit Senior Project Manager for its XBRL team. The Senior Project Manager is responsible for coordinating the technical development of the IFRS Taxonomy and for managing both the financial reporting content and IT/XBRL architecture of the taxonomy.
To apply, please send a detailed CV and covering letter to firstname.lastname@example.org.
Closing date: 26 August 2011 (to learn more about the vacancy click on the title)
XBRL International Certification Board Issues Call for Examination Question Writers; deadline 15 August 2011
Would you be interested and have the time and technical knowledge to assist in the development of examination questions to support the forthcoming XBRL Foundation Certificate?
XBRL International (XII) has embarked on the development of an XBRL Foundation Course as the basis for an examination leading to the XBRL Foundation Certificate. The course will be delivered on the Web. It is the equivalent of an eight-hour face-to-face course. It will initially be delivered in English with other languages to follow. The course is designed as an introduction to XBRL for candidates from a wide variety of backgrounds, including information technology professionals and decision makers from government, public policy, business, and the accounting profession.
XBRL International issues Last Call for Comments on the Units Registry
The Units Registry is now in Last Call for Comments. which are due by 2011-08-05. Visit the Units Registry page at http://www.xbrl.org/utr for details
Data Modeler: ExcelXbrlGen (Excel add in)
Data Modeler: ExcelXbrlGen (Excel add in) is an Open Source development, under EUPL license; it has been developed in order to facilitate creation of taxonomies according to the draft Eurofiling architecture out of the Data Points Model (DPM) in MS Excel format.
XBRL International publishes Transformation Registry version 2 as a Proposed Recommendation
Expressions of support and other feedback is invited by e-mail - the deadline for comments, which MUST be sent to email@example.com in order to be processed, is 2011-08-31
XII Board of Directors Makes Standards Board and Best Practices Board Appointments; Conor O’Kelly appointed Chair of the XII Standards Board
At its July 6 meeting the XII Board of Directors was pleased to make a number of appointments to the XII Standards Board and the XII Best Practices Board.
Conor O'Kelly was appointed Chairman of the XBRL International Standards Board (XSB). In leading the XSB, O’Kelly will direct the development of the XBRL technical specification and associated standards and oversee strategic standards programs.
XBRL International Names Editorial Advisory Board for Interactive Business Reporting Magazine
During its 6 July 2011 meeting, the XBRL International (XII) Board of Directors approved the recommended slate of candidates for the new iBR Editorial Advisory Board (EAB).
“iBR Magazine is an important initiative in XII’s mission to promote universal use and acceptance of the XBRL standard and we are looking to the members of the editorial board to use their significant expertise and knowledge of XBRL adoption and development around the world to help us create a relevant and timely publication”, said Anthony Fragnito, CEO of XII.
XBRL INTERNATIONAL MAKES STRATEGIC ADDITIONS TO PROFESSIONAL STAFF TO BETTER SERVE MEMBERS AND DRIVE WIDER ADOPTION OF THE XBRL STANDARD
NEW YORK, NY, JUNE 30, 2011 – XBRL International, Inc. (XII), the global standards body that develops and maintains the XBRL business reporting standard, announced today that Liv Watson has joined XII as Chief Product Officer (CPO) and David Nitchman has been appointed Director of Communications and Marketing. These positions will help XII capitalize on market opportunities and meet the needs of members and the market place; they report directly to CEO Anthony Fragnito, CPA.
Deloitte and the Global Reporting Initiative (GRI) start work on new XBRL taxonomy
Rotterdam/Amsterdam, 22 June 2011 – A new format for providing sustainability data will help investors, auditors and analysts use information in sustainability reports more quickly and easily, thanks to a new ambitious program announced today by the Global Reporting Initiative (GRI) and Deloitte.
Industry News:business meeting of the Committee.
Oversight Committee Approves Federal Spending Transparency Bill
WASHINGTON- H.R. 2146, The Digital Accountability and Transparency Act, was approved the House Committee on Oversight and Government Reform on a unanimous bi-partisan voice vote today at a
The Committee unanimously adopted an amendment in the nature of a substitute offered by Issa. The text is available here. The changes made by the Issa amendment incorporate changes suggested by transparency groups, the Recovery Accountability and Transparency Board, the Council of Inspectors General on Integrity and Efficiency, and the minority members of the Committee. Chairman Issa's amendment also incorporates a provision previously introduced by Ranking Member Elijah Cummings, which will strengthen the authority of the Government Accountability Office to access agency records.
BELGIUM MINISTER OF FINANCE OUTLINES BENEFITS OF XBRL TO GOVERNMENT & BUSINESS COMMUNITY IN CREATING GREATER TRANSPARENCY AND PROCESS IMPROVEMENT
BRUSSELS, BELGIUM, JUNE 22, 2011 – In a public statement issued today to the XBRL community, Mr. Didier J.L. Reynders, Deputy Prime Minister and Minister for Finance of Belgium outlined the benefits the Belgium Government and business community have obtained using the global, freely-available, eXtensible Business Reporting Language (XBRL) business and financial reporting global data format for the exchange and analysis of critical information. XBRL creates a common language among different companies and regulators in order to stimulate the exchange of economic and financial information at a lower cost.
XBRL INTERNATIONAL, INC. APPOINTS ERIC JARRY OF BANK OF FRANCE TO XII BEST PRACTICES BOARD
NEW YORK, NY, JUNE 17, 2011 - XBRL International, Inc. (XII) announced today that Mr. Eric Jarry, Bank of France, was named to the XII Best Practices Board http://www.xbrl.org/BestPracticesBoard/. Mr. Eric Jarry has developed XBRL taxonomies in France and is chairman of the Technology Group of XBRL France. Previously working for Bull and Software AG, Mr. Eric Jarry joined Bank of France in 2009 to work on XBRL taxonomies and the reporting repository for Banking and Insurance supervision.
US Government Reform hearing "Achieving Transparency and Accountability in Federal Spending"
The US House Committee on Oversight and Government Reform, Chaired by Congressman Darrell Issa, held a hearing entitled, "Achieving Transparency and Accountability in Federal Spending" on June 14, 2011 to examine problems with the accuracy and availability of federal spending data on publicly accessible government websites, and considered proposed solutions. Kim Wallin, Controller of the State of Nevada, USA & Patrick Quinlan, CEO of Rivet Software, who are well known within the XBRL International Community joined Sunlight Foundation’s Executive Director, Ellen Miller and Craig Jennings, Director of US Federal Financial Policy to provide testimony in support of standardizing electronic reporting and the XBRL standard for transparency and accountability in federal spending.
To watch and listen to the testimony presented on June 14, 2011 click on the title.
To read Patrick Quinlan's Testimony click here.
The Altova MissionKit Provides XBRL Tools for the Maryland Association of CPAs (MACPA)
BALTIMORE, Md., June 3, 2011 – Altova® of XMLSpy® today announced the Maryland Association of CPAs (MACPA) is using the Altova MissionKit® tool suite to transform its internal accounting data into the Extensible Business Reporting Language (XBRL) format. MACPA looked to Altova to raise its working awareness of the XBRL standard and leverage its financial data in XBRL format to gain efficiencies and improve transparency.
Open Competition on IT Architectures for XBRL Open Source
XBRL Spain is looking for IT Architectural proposals suitable to be potentially developed as Open Source deliverables by way of Public Fundraising.
The goal is to facilitate the capture, analysis, creation and viewing of XBRL reports, to be used by citizens, small investors, IT SMEs and academia, as well as a help for implementing XBRL within supply chains while reducing regulatory burden. This is an initiative to complement and collaborate with existing solutions in the areas in which the current offerings are limited or inexistent, especially on dimensional taxonomies.
The correct IT architecture is a critical success factor in any IT development. Therefore, XBRL Spain, via this Inaugural IT Architectural Competition, invites XBRL IT experts worldwide to propose IT architectures to be potentially used as basis for future developments.
Five awards of 1,000 € each and a public recognition of excellence are awaiting the winners on September 9th.
Request for Comments: Proposed Principles and Criteria for XBRL-formatted Information; deadline: 15 July 2011
This exposure draft contains proposed principles and criteria for information formatted in eXtensible Business Reporting Language (XBRL) for review and comment by the AICPA’s membership and other interested parties. The principles and criteria were developed by the XBRL Assurance Task Force of the AICPA Assurance Services Executive Committee for possible issuance by the committee.
Main Stage Presentations from XBRL22, 17-19 May 2011, Brussels
THANK YOU TO ALL WHO ATTENDED, PARTICIPATED AND SUPPORTED XBRL22
XBRL22 Brussels Track presentations are attached to the track pages and are located at: http://conference.xbrl.org/tracks. The Main Stage presentations can be found at: http://conference.xbrl.org/plenary; the videos from the Main Stage Event and the technical Track Sessions are available at: http://www.youtube.com/user/XBRLStandards.
Thank you to the XBRL22 Silver Sponsors: PwC, Invoke, Deloitte and EDGAR Online; XBRL Europe and to all who attended the conference in Brussels.
XBRL US Completes Corporate Actions Taxonomy
2 June 2011 XBRL US published the completed 2011 Corporate Actions Taxonomy and posted it on their website (http://xbrl.us) along with the Architecture document, sample instances and other related materials.
XBRL International Issues Call for Nominations - iBR Editorial Advisory Board
During its 2 March 2011 meeting, the XBRL International (XII) Board of Directors approved the recommendation to enter into a Publishing agreement with SKY Team International to create an XBRL journal. The quarterly publication titled Interactive Business Reporting Magazine (iBR) launched its first issue at the Brussels XII International Conference event. STI and XBRL International, Inc. now seek to establish an iBR Editorial Advisory Board (EAB) to help ensure that iBR Magazine has high quality articles and case studies on the XBRL standard, its implementation and development, while being aligned with the needs of XII, XII members and other key stakeholders.
STI and XBRL International seek to fill 5-8 seats of an EAB, including through nominations from the XII membership.
Dutch government mandates XBRL for all entities
The mandate for entities is to use the XBRL standard for all corporate tax filings as of 1st of January 2013. From 2014 VAT(GST) filings must be done in XBRL format and all other filings for Tax, Annual accounts and Dutch Statistics will follow a year later. Dutch government has a transaction portal available to enable software application to send filings directly to the government and communicate directly.
Dutch banks who have their own portal available and credit report taxonomies have welcomed the decision by the government.
The article in Dutch is available here.
First Conference on Financial Reporting in the 21st Century: Standards, Technologies and Tools. 8-9 September 2011. University of Macerata, Italy
Globalization and information economy demand significant innovations in the financial reporting process. The complex convergence process to achieve the goal of a common set of high-quality global accounting standards such as International Financial Reporting Standards (IFRS) is a challenge. Another challenge for the capital markets and regulators around the globe is to face the new way of communicating and sharing business data: the use of digital and standardized financial vocabularies such as the eXtensible Business Reporting Language (XBRL).
Effective financial reporting in the 21st century is not only about the quality of accounting rules: it also depends heavily on their technological implementation. Two main critical issues emerge from this scenario: the impact of the new IFRS/XBRL accounting and reporting model on the quality and reliability of financial information produced; and the need for new tools to verify and analyze such information. Digital and standardized business reporting most likely will transform financial statement analysis into an automated process, while it will also expedite the delivery of information to the users via the web.
GLOBAL INSURANCE SECTOR EXPANDING USE OF XBRL FOR TRANSPARENCY, EFFICIENCY AND COMPLIANCE
NEW YORK, NY, MAY 27, 2011 – XBRL International, Inc. (XII) announced today that XBRL is quickly becoming the “de facto” reporting data format for insurance regulation around the world. During the recent XBRL22 Global Conference in Brussels, Belgium, XII announced that the European Insurance and Occupational Pensions Authority (EIOPA) has chosen XBRL as the Uniform Format for Solvency II insurance reporting across Europe. EIOPA is part of the new European System of Financial Supervisors that comprises three European Supervisory Authorities.
FRTA 1.5 Public Working Draft published
Version 1.5 of the Financial Reporting Taxonomies Architecture (FRTA) document is an update to the FRTA 1.0 document originally issued on 25 April 2005 and updated on 20 March 2006. It seeks to remove any rules that have grown obsolete based on the various adoptions of XBRL in the Financial Reporting space, and the development and implementation of Dimensions 1.0 recommendation.
SEC report on XBRL filing in the US
The Securities and Exchange Commission has adopted rules requiring companies to provide financial statement information in XBRL (eXtensible Business Reporting Language) to improve the information’s usefulness. This is an overview for companies that are required to begin submitting XBRL data during 2011 and summarizes some of the main process issues, lessons learned to date and resources for further information.
XBRL INTERNATIONAL 23ND CONFERENCE TO BE HELD IN MONTREAL, CANADA ON OCTOBER 25-27, 2011
The 23nd XBRL International Conference entitled: "Opportunities for Enhancing Business Performance with XBRL” is produced by XBRL International, Inc. and is hosted by XBRL Canada. The XBRL conference provides an international stage for regulators, financial & banking institutions, public companies & SME’s to share the benefits and case studies of using XBRL as the standard for business reporting and how it is being implemented around the world.
Revenue Commissioners RFI for XBRL Software
The Office of the Revenue Commissioners (RC) - now called simply Revenue - is the Irish Government agency responsible for customs, excise, taxation and related matters within the Republic of Ireland.
An RFI for XBRL Software has been published on the Irish Government tenders website.
XBRL INTERNATIONAL’S GOVERNMENT/REGULATORY SPECIAL INTEREST GROUP (GRSIG) TO MEET IN BRUSSELS
NEW YORK, NY, MAY 10, 2011 – XBRL International, Inc. (XII) announced its Government/Regulatory Special Interest Group (GRSIG), a strategic initiative to promote better transparency and accountability to protect the investments of these key stakeholders, will meet during the XII Brussels conference. The GRSIG is chaired by senior representatives of the Australian Standard Business Reporting Program, a government-wide effort to use XBRL to reduce the burden on agencies and the public in collecting and sharing information.
XBRL International Issues Call for Nominations - Assurance Committee Chair
XBRL International (XII) is seeking candidates for the Assurance Committee Chair as part of its scheduled rotation of this leadership position.
Given the nature of XBRL-tagged data and emerging practice related to the accuracy of this data, the scope of the Committee’s work is not limited to the narrowest definition of assurance used by public accountants. Instead, the Committee focuses on a broader context, taking into account the various forms of assurance and related services and processes that lend credibility to the accuracy of XBRL-tagged data.
XBRL podcast for CPAs
"CPAs don't need to learn the technology, the semantics and the architecture behind (XBRL), but they do need to understand what it means for process enhancement and information," Conor O'Kelly said in a recent Skype interview, which came on the heels of a web-based presentation to students at Salisbury University. "The impacts are reasonably predictable: Lower cost of production; lower cost of access, use and analysis of data; more timely data; and more time available for analysis."
CoreFiling Leverages Microsoft Technology to Address HM Revenue & Customs Requirements in the U.K.
REDMOND, Wash., and OXFORD, England — April 13, 2011 — Microsoft Corp. and CoreFiling confirmed today that U.K. corporations can now use CoreFiling’s Seahorse service to file their taxes electronically, thanks to a technology licensing agreement the XBRL specialists forged with Microsoft to create Inline XBRL (iXBRL) documents by intelligently tagging Microsoft Word versions of financial statements.
IFRS Foundation XBRL team: Vacancy for Executive Assistant
IFRS XBRL team is a small, busy and internationally diverse team and is looking for an Executive Assistant to provide all-round administrative support. Duties will be varied and there will be numerous opportunities to take ownership of projects. However the primary focus of the role is to support the team by managing all logistics and communications.
The job does not require technical XBRL or accounting knowledge however, exposure to technical details is inevitable. Therefore the ability to understand the principles of XBRL and accounting will be highly advantageous.
XBRL International Issues Call for Nominations - Members of XII Standards Board
XBRL International (XII) is seeking candidates to fill open positions on the XII Standards Board (XSB). This is a General call to all those who are interested in participating in the XSB.
The XSB was formed by XBRL International (XII) to strengthen the quality of its technical materials and manage their production in order to accelerate adoption of XBRL around the world.
XBRL International Issues Call for Nominations - XSB Chair
XBRL International (XII) is seeking candidates for the XSB Chair as part of its scheduled rotation of this leadership position. XII has experienced a global expansion of adoption and interest in XBRL and the electronic standardization of business information it facilitates. This has raised expectations of an accelerated evolution of the XBRL specification, support materials and communication linkage to XBRL projects and the community at large. The selected Chair for these key activities of XII must be committed to leading with a collaborative and market focused approach.
XBRL International Issues Call for Nominations - Members of XII Best Practices Board
XBRL International (XII) is seeking candidates to fill open positions on the XII Best Practices Board (BPB). This is a General call to all XII members who are interested in participating on the BPB.
The purpose of the BPB is to manage the production, dissemination and continual improvement of work products that describe methods and processes for successful development, implementation, integration and use of the XBRL specifications.
XBRL International Offers New Direct Membership Option
New York, NY, March 28, 2011 - XBRL International, Inc. (XII) today announced an expanded membership structure that allows corporations, associations, NGOs, regulatory bodies, government agencies, not-for-profits and others the option to directly join the XBRL International consortium, the global standards organization that develops the eXtensible Business Reporting Language (XBRL) standard and advocates its adoption.
Attention: Software Solutions Community – Call for Participation in XII hosted Webinar(s)
The use of XBRL has increased exponentially with adoption in most major markets in the world. As the volume and diversity of data available in XBRL grows the market is keen to identify the tools available to consume and analyze structured information.
XBRL International, Inc. is planning a series of Webinars highlighting the state of applications which support the modeling and analysis of information expressed in XBRL.
IFRS Foundation publishes IFRS Taxonomy 2011
March 25, 2011 - The IFRS Foundation has today published the IFRS Taxonomy 2011. The IFRS Taxonomy is a translation of IFRSs (International Financial Reporting Standards) into XBRL (eXtensible Business Reporting Language). The 2011 taxonomy is consistent with IFRSs as issued by the IASB at 1 January 2011, and it contains XBRL tags for all IFRS disclosure requiremen
Incoming President of XBRL Spain is Carlos Cano, Director General of Red.es
Madrid, March 23, 2011 - Carlos Cano was appointed to be the new President of XBRL Spain by the General Assembly (www.xbrl.es).
Carlos Cano is a Telecommunications Engineer with an MBA from the Enterprise Institute. He is currently the Director General of Red.es, the Spanish government entity for information technology under the Ministry of Industry, Tourism and Trade.
UK Customs and Tax Department recognizes Fujitsu Interstage XWand as iXBRL Conversion Software Application
SUNNYVALE, CALIF., March 24, 2011 – Fujitsu (http://solutions.us.fujitsu.com) today announced that the United Kingdom’s customs and tax department, HM Revenue & Customs (HMRC) has officially recognized Fujitsu as an Inline eXtensible Business Reporting Language (iXBRL) commercial software supplier. The recognition by HMRC signifies that Fujitsu Interstage® XWand® and the iXBRL files produced by the software have both passed the extensive and rigorous tests of the HMRC.
XBRL INTERNATIONAL ISSUES CALL FOR PARTICIPATION IN XBRL COMPARABILITY TASK FORCE
NEW YORK, NY, MARCH 24, 2011 – XBRL International, Inc. (XII) announced today that it has initiated the formation of a task force to address the topic of XBRL comparability. As global adoption of XBRL continues to grow, this will be a key initiative in unlocking the tremendous potential in data analysis and intelligent business processing which XBRL can provide.
Call for listed IFRS filers to participate in a voluntary XBRL Detailed Tagging Task Force
The IFRS Foundation is establishing a task force to examine detailed XBRL (eXtensible Business Reporting Language) tagging in IFRS (International Financial Reporting Standards) financial statements, and is looking to work directly with preparers from listed companies from different industries and regions.
The Foundation has initiated the task force as a follow-up to the pilot initiative that it recently concluded with US-listed foreign companies to produce US-SEC (United States Securities and Exchange Commission)-compliant IFRS financial reports in XBRL format.
Don't miss OMG and EDM Council Joint Working Group Meetings and Webcast: Towards a Sustainable, Data Standards Driven Approach to Financial Reform
What: A two day dialogue between standards organizations and regulators (with a US focus) on financial reform and the role of standards
When: 22 March 8:45-5 EDT; 23 March 9 - 5 EDT
Who: Object Management Group, Enterprise Data Management Council, XBRL, ISO TC 68 (ISO 20022) and others
Where: Arlington, VA and webcast
Audio - see detail below for local call in numbers;
US Toll free: +1 (877) 716-6484
US/international Toll: +1 (678) 224-7890
Participant code: 8688481
Finacle Leads the Industry in Advanced Global Financial Reporting
Finacle™ the universal banking solution from Infosys Technologies, and IRIS Business Services, a worldwide leader in XBRL (Extensible Business Reporting Language) tools and solutions announced a strategic partnership to provide banks with the IRIS XBRL suite, enabling financial reporting process automation in compliance with XBRL standards.
The IRIS XBRL suite will support the regulator’s drive towards financial transparency and standardisation of reporting for ease of peer comparison, while also lowering costs of report and data consolidation.
Templates can be modified and altered in accordance with regulatory mandates to bring in adaptability and flexibility of financial reporting for banks.
Data Type Registry approved as an XBRL International RECOMMENDATION
At their meeting on 22nd February 2011 The International Steering Committee of XBRL International approved the Data Type Registry as a RECOMMENDATION. An initial set of datatypes were also published in the registry. For more information please click on the above link.
Media Advisory: XBRL International 22nd Conference to be held in Brussels, Belgium on May 17-19, 2011
The 22nd XBRL International Conference entitled: "Sharing Economic Information in a Global World: The XBRL Contribution” is produced by XBRL International, Inc. and is hosted by XBRL Europe. The XBRL conference provides an international stage for regulators, financial & banking institutions, public companies & SME’s to share the benefits and case studies of using XBRL as the standard for business reporting and how it is being implemented around the world.
Solution providers will also be demonstrating tools and services related to current and future XBRL mandates with various networking venues established at the conference.
U.S. GAAP Financial Reporting Taxonomy Now Available
Norwalk, CT, January 18, 2011—The Financial Accounting Foundation (FAF) today announced the availability of the 2011 U.S. GAAP Financial Reporting Taxonomy pending final acceptance by the U.S. Securities and Exchange Commission (SEC). The FAF is responsible for the ongoing development and maintenance of the taxonomy applicable to public issuers registered with the SEC.
Call for Participation: International Conference Committee
To support our effort to meet the needs of the market and enhance the quality adoption of the XBRL Specification, XII is seeking thought leaders to participate in the newly formed International Conference Committee. This group will not function as the program committee for any particular event, but will support program planning from a strategic perspective.
IFRS Foundation publishes proposed IFRS Taxonomy 2011
The IFRS Foundation today published for public comment an exposure draft of the IFRS Taxonomy 2011. The proposed taxonomy is consistent with IFRSs (International Financial Reporting Standards), including IASs (International Accounting Standards) and the IFRS for SMEs (Small and Medium-sized Entities).
Webcast: Exploiting the Power of XBRL to Drive Business Growth - Tuesday, January 18, 2011 at 2:00-3:00 p.m. EST
Financial professionals from large enterprises, auditing firms, filing firms and regulatory bodies alike are adopting eXtensible Business Reporting Language (XBRL) as the standard for today’s financial reporting. Interactive data formats such as XBRL, unlike paper-based or plain-text disclosure documents, allow businesses and other market participants to quickly and automatically perform calculations, filter, and apply business rules on all manner of financial data for analysis. Beyond this, XBRL also delivers a new means for organizations in today’s dynamic business environment to make sound decisions with speed and agility.
IFRS Foundation publishes IFRS Taxonomy 2010 labels in Japanese
The IFRS Foundation today published the Japanese translation of the IFRS (International Financial Reporting Standards) Taxonomy 2010. This is a complete translation of the 2010 taxonomy label linkbases into Japanese. It is an official IFRS Foundation translation and was created using official terminology.
IFRS Foundation concludes pilot XBRL initiative with public companies listed in the US
The IFRS Foundation has successfully concluded the pilot initiative that it launched in April to work with US-listed foreign companies to produce IFRS financial reports in XBRL (eXtensible Business Reporting Language) that are compliant with US SEC (United States Securities and Exchange Commission) requirements.
Watchdog calls for businesses' annual reports to move wholly online
The UK’s Financial Reporting Council (FRC) has called for companies to publish searchable, online-only versions of their annual reports.
This is part of the accounting watchdog’s recommendations for companies to improve accessibility to annual reports for investors. It presented its proposals in its ‘Effective Company Stewardship: Enhancing Corporate Reporting and Audit’ report.
XBRL INTERNATIONAL ABSTRACT MODEL TASK FORCE BEGINS DEVELOPMENT PROCESS
JANUARY 11, 2011, NEW YORK, NY – XBRL International, Inc. (XII) announced that its XBRL Abstract Model Task Force will begin this week to develop the abstract model that will serve as a common blueprint for the development of XBRL solutions.
Deloitte publishes digital financial statements including assurance report
Rotterdam – 09 December 2010 – Today, Deloitte uses the latest in digital reporting technology by publishing its financial statements 2009/2010 in XBRL. Internationally, this publication sets a major example. By providing an assurance report issued by auditor Ernst & Young, users including analysts - can rely on the information in the XBRL report. Companies’ growing interest in such reporting heralds the end of paper financial statements, according to Deloitte.
Call for XBRL Japan Academic Competition
The XBRL Japan Educational Working Group is kindly inviting to submit research papers and/or software tools for presentation at XBRL Workshop which will be held at Tokyo Stock Exchange on March 3, 2010. This Academic Competition celebrates the invaluable contribution of researchers, software developers and anyone who is interested in XBRL development by providing implementations of software tools for XBRL documents, definitions of taxonomies, and other useful and effective applications of XBRL.
XBRL INTERNATIONAL BEGINS DEVELOPMENT OF XBRL ABSTRACT MODEL
XBRL International, Inc. (XII) recognizes that there is strong interest from several communities in the XBRL Abstract Model initiative. In an effort to provide more details about the initiative and the charter of XII’s Abstract Model Task Force (AMTF) and the scope of its work, XII is conducting free webinars during the week of December 6.
XIII European Banking Supervisors XBRL Workshop
The links to the Power Point presentations and some photos of the XIII European Banking Supervisors XBRL Workshop, held in CSSF - Luxembourg 24th and 25th November can be found here.
XBRL FOR TAX, BANKING, CORPORATE ACTIONS AND CAPITAL MARKETS EXPANDING GLOBALLY
NEW YORK, NY, NOVEMBER 9, 2010 – The release of a national General Purpose XBRL Taxonomy by the China Ministry of Finance last month during XBRL21 mandates XBRL across banking, insurance, capital markets, taxation and audit in China. This represents the largest scale integration of the standard to date in the world, building upon a steadily increasing series of regulatory requirements to use XBRL in Japan, U.S., Australia, U.K., many EU member states and others for tax, annual accounts, corporate financials, mutual funds and standard business reporting.
XBRL International, Inc. appoints Alfred Berkeley of Pipeline Financial Systems to XII Board of Directors. Church, SWIFT CEO of Americas, named to XBRL International Steering Committee to represent US Jurisdiction.
NEW YORK, NY, NOVEMBER 8, 2010 - XBRL International, Inc. (XII) announced today that Alfred R. Berkeley, Chairman, Pipeline Financial Systems LLC, was named to the XII Board of Directors. Prior to joining Pipeline Financial Trading, Mr. Berkeley was President and then Vice Chairman of The NASDAQ Stock Market, Inc. and brings more than 30 years of experience in financial services, securities analysis and investment banking. Mr. Berkeley has also previously served as Chairman of the Board of XBRL U.S. in 2008. He will continue to serve on the XBRL U.S. Board.
Thirteenth Annual Survey of Technology Issues for Financial Executives
Welcome to the Thirteenth Annual Survey of Technology Issues for Financial Executives, being conducted by FEI’s Committee on Finance and Information Technology (CFIT) and Financial Executives Research Foundation (FERF). As in the last two years, the survey results will be analyzed by Gartner.
Completion of the survey should take less than 20 minutes. What is more, questions that require further research have been eliminated.
Take Survey now
News from SIBOS 2010
AMSTERDAM, NETHERLANDS, 28 OCT 2010 Standards Forum brings new optimism to the benefits of collaboration
Collaboration was a hallmark of the Standards Forum sessions in Amsterdam at SIBOS 2010. Click title to read full article
XBRL International Launches Abstract Modeling Group during XBRL21 in Beijing
BEIJING, CHINA, OCTOBER 20, 2010 – XBRL International, Inc. (XII) announced today at its XBRL21 global conference in Beijing that it has launched an abstract modeling group as a strategic initiative to catalyze development of more XBRL-enabled software solutions.
China National Standard XBRL Taxonomy Released
The National Standardization Administration and Ministry of Finance of P. R. China released the Chinese National Standards on Extensible Business Reporting Language (XBRL) Specifications and General Purpose Taxonomy of Chinese Accounting Standards
XBRL International Applauds Release of General Purpose XBRL Taxonomy by China Ministry of Finance
XBRL International, Inc. (XII) applauds today’s release of the General Purpose
XBRL Taxonomy by the China Ministry of Finance during “XBRL21: One Language,
Common Vision. The Role of XBRL Technology in the Post-Crisis Era,” the 21st XBRL International Conference.
XBRL International Announces 2011 International Steering Committee Election Results
BEIJING, CHINA, OCTOBER 18, 2010 - XBRL International, Inc. (XII) announced today that during its October meeting in Beijing, Arleen Thomas, Senior Vice President, Member Competency and Development, AICPA, has been elected Chair of the XII International Steering Committee (ISC) for 2011. David G. van den Ende, Director with Deloitte Netherlands, was elected as 2nd Vice Chair representing At-Large members.
Best Practices Board publishes two White Papers
The Best Practices Board of XBRL International has published two white papers of interest to the XBRL community and those considering XBRL for their projects. The two papers are "Financial Supervision Reporting and XBRL" and "XBRL or Customized XML?"
Versioning Working Group publishes draft Primer document
The Versioning Working Group has issued a primer that seeks to explain the suite of versioning specifications in a manner that is more accessible to the general reader than the specifications themselves.
Efrim Boritz wins 2010 Bill Swirsky Innovation Award
Professor J. Efrim Boritz, FCA of the University of Waterloo School of Accounting & Finance has been selected as the recipient of the 2010 Bill Swirsky Innovation Award. This Award, sponsored by the CICA and CaseWare, is made in recognition of his prolific display of innovation in leading and developing projects, concepts, processes and procedures that directly impact upon on the CA profession.
XBRL INTERNATIONAL UNVEILS STRATEGIC INITIATIVES TO MAKE XBRL EASIER TO DEVELOP, USE AND COMPARE
NEW YORK, NY, OCTOBER 6, 2010 – XBRL International, Inc., (XII), the global standard setting body for the XBRL, today released “Preserve. Promote. Participate. Moving XBRL Forward,” a core vision document that outlines six strategic initiatives to continue the momentum of the XBRL standard.
XII CEO Issues a Letter to the Community to Discuss Enhancing XII Membership Options
XBRL International (XII) and the XBRL standard are at a positive turning point in their evolution. Adoption of the standard continues to accelerate in all regions of the world. It is being used by millions of companies representing 75% of the world’s total market capitalization. Governments are streamlining their processes while reducing the reporting burden of organizations by using XBRL across agencies. XBRL has moved from the fringe to the mainstream.
IFRS Foundation publishes IFRS Taxonomy 2010 labels in Spanish
The IFRS Foundation today published the Spanish translation of the complete label linkbases for the IFRS (International Financial Reporting Standards) Taxonomy 2010. It is the first planned translation of the IFRS Taxonomy 2010 into a number key languages that will be published over the coming months.
XBRL Corporate Actions Data Tags Released to Public
WASHINGTON, September 30,2010 /PRNewswire/ - XBRL US Labs, the research and development arm of XBRL US, announced today that it has completed the initial draft of a taxonomy, or digital dictionary of terms, to define corporate actions event information, and made it available for public review and comment.
FEE Comments on the CESR Consultation Paper on “Development of Pan-European Access to Financial Information Disclosed by Listed Companies”
FEE (the Federation of European Accountants) is pleased to provide you with its comments on the CESR Consultation Paper on “Development of Pan-European Access to Financial Information Disclosed by Listed Companies” (CESR ref. 10-719c).
FEE supports the use of electronic applications in financial reporting at large and therefore supports a more integrated approach in relation to the pan-European access to financial information disclosed by listed companies at EU level. In this context we provide some general observations from the perspective of auditors and accountants which we trust will be useful for CESR in further work in this area.
Irish Revenue Commissioners Announce XBRL Adoption Plans
DUBLIN, September 29, 2010 – Revenue Commissioners Ireland announced today the advancement of Irish Government taskforce on Reduction of Administrative Burden after extensive collaboration with XBRL Ireland.
European Parliament Approves New Financial Architecture in EU
Having fought for more than a year in favour of a radical reform of European financial supervision, the European Parliament on Wednesday gave the final seal of approval to a package of reforms which will see a fundamental shift in the way banks, stock markets and insurance companies are policed as of 2011.
Citi to Participate in XBRL US Pilot Using XBRL for Corporate Actions
WASHINGTON, Sept. 16 /PRNewswire/ -- XBRL US announced today that Citi is working with XBRL US Labs, the research and development arm of XBRL US, to research the costs and benefits of transforming corporate actions processing in a pilot program that will involve dividend payment announcements. An impact analysis will be conducted on the issuance of XBRL-tagged announcements, processing by banks, depositaries, and stock exchanges, and on the ultimate usability of corporate event data by information consumers, particularly shareholders.
2011 U.S. GAAP Financial Reporting Taxonomy Now Available for Public Review and Comment
Norwalk, CT, August 31, 2010—The Financial Accounting Foundation (FAF) today announced the availability of the proposed 2011 U.S. GAAP Financial Reporting Taxonomy for public review and comment. The FAF is responsible for the ongoing maintenance of the taxonomy applicable to public issuers registered with the U.S. Securities and Exchange Commission (SEC). The deadline to submit written comments is October 30, 2010.
Will XBRL Save the US Financial System
Article: This article written for the US market by IBM Global Business Services examines the problem of systemic risk and how data standards, XBRL, and smarter systems can close existing information gaps between regulators and financial institutions.
XBRL International to provide official networking/communication platform on New Website
13 August 2010 XBRL International, In (XII), the not-for-profit consortium of over 600 companies and agencies worldwide collaborating to build the XBRL language and promote and support its adoption has agreed to expand and maintain the 1,400+ member XBRL Interactive Network on Linkedin (hereinafter "XBRL Network").
Call for Certificate Program Partner
XII is seeking a partner to facilitate development, execution and on-going maintenance of a global professional certificate program. The successful vendor will guide development of a skills assessment matrix, on-line training, administer certificate examinations and related client databases for testing and renewals. The selected vendor will also produce marketing and related materials to support this program.
If you are interested in this request please contact firstname.lastname@example.org by 22 July 2010 so we can forward you an RFI.
XBRL International constitutes and names members of its Assurance Committee
New York, 14 July, 2010 – XBRL International Inc. (XII) announced today that it has constituted an Assurance Committee, a group established to provide a forum for the identification and communication of market needs related to third party assessment of XBRL-tagged data and serve as the official liaison between market participants and XBRL International on assurance and related matters. The Committee will develop and catalog awareness materials (articles and publications) addressing the assessment of the accuracy of information tagged in XBRL format and how to lend credibility to this information. The XII Assurance Committee will not develop standards or related guidance for XBRL assurance.
FASB Hiring XBRL Computer Systems Developer for U.S. GAAP Financial Reporting Taxonomy
The Financial Accounting Standards Board is hiring a Computer Systems Developer with a strong background in software development, a deep working knowledge of XML Schema, XSL 2.0, and a strong desire to learn XBRL architecture.
The position will be responsible for providing all IT systems support for the XBRL US GAAP Financial Reporting Taxonomy Project, including maintaining XML/XBRL-related applications. The position will include development of certain software applications and interfaces to facilitate and improve the research, development, and maintenance processes for the project.
Qualified candidates can read more about this opportunity and how to apply at Careers on the FASB website - please click on the title.
STANDARD BUSINESS REPORTING OPENS FOR BUSINESS
With the commencement today of Standard Business Reporting (SBR), Australia has moved one step closer to a seamless national economy, the Minister for Finance and Deregulation, Lindsay Tanner MP, and the Minister for Financial Services, Chris Bowen said today.....offering......quicker and simpler way to...
Don’t Miss the 2nd seminar on "Financial Reporting Standards-based" (link to full article)
On 13-17 September 2010, the Bank of Spain will host the 2nd Seminar on Standards-based Financial Reporting at the Training Center of the Spanish Cooperation in Montevideo, Uruguay. The purpose of this seminar is to extrapolate the experience of several Iberiamerican financial regulators, using international standards of interactive data (XBRL) to improve the supervision mechanisms and the transparency in the financial markets according with the accepted international standards.
Limited capacity. Registration is free. The Spanish Agency for International Development and Cooperation (AECID) provides partial grants (accommodation and maintenance) to 30 Latin American participants. You must fill out the online application to be accepted to participate. ...... (click on title to read more)
XII “Acknowledgement" of EDINET 2010, India Banking GAAP, RSC-CCI, and Canadian Financial Reporting Taxonomies
XII has granted "Acknowledged" status to the EDINET 2010, India Banking GAAP - 2010, RSC-CCI Scoreboard for Corporate Social Responsibility, and Canadian Financial Reporting Based on Canada GAAP taxonomies.
Attention: Software Solutions Community – Call for Participation in XII hosted Webinar(s)
XII is looking to highlight the state of tools which support analytical analysis of information expressed in XBRL. If you would like to participate in a webinar, or series of webinars, hosted by XII please contact email@example.com by 2 July 2010. The schedule and titles for the webinars will be based upon the responses received.
20th International Conference Main Stage Event Now Available
Thank you to all who attended the April 2010 Conference in Rome. If you were unable to attend or would like to hear it again, you can now view the Main Stage Event via video recorded live in Rome on 20 April 2010.
Global Accounting Alliance Donation to Support Evolution of XBRL Standard
WASHINGTON--(BUSINESS WIRE)--XBRL International (XII) today announced a donation from the Global Accounting Alliance (GAA) for the purpose of advancing the work of XII to meet global market demand for the XBRL standard. Citing strongly aligned views on the value of an open source standard for business and financial data the Global Accounting Alliance pledged financial support for XBRL International’s efforts.
Inline XBRL Specification approved as RECOMMENDATION
The XBRL International Steering Committee and the XBRL International Standards Board have approved the publication of the Inline XBRL Specification and the associated registry of specified transformations as a RECOMMENDATION. A conformance suite accompanies this. In addition an open source reference implementation of a validator and extractor has been provided. View Press Release
XBRL China jurisdiction joins XBRL International
XBRL International, Inc. (XII) announced today that XBRL-China has been approved as an XII Jurisdiction. As a Jurisdiction in the XII global consortium XBRL-China is committed to the promotion and application of XBRL in China.
XBRL GL Working Group releases Proposed Recommendation of GL Framework and Japanese Labels
The XBRL GL Working Group have issued the Proposed Recommendation of the GL Framework and Japanese Labels a Call for Review of the Proposed Recommendation has been issued.
Formula Working Group releases Candidate Recommendation of additional modules
The Formula Working Group have promoted 4 extension modules to Candidate Recommendation and a Call for Implementations has been issued.
News from the Versioning Working Group
The Versioning Working Group have issued a Last Call for Comments on the Public Working Draft of the Extended Concepts Versioning Specification. Also the Base and Concept Base Versioning Specifications have been promoted to Candidate Recommendation and a Call for Implementations issued.
XBRL Europe Day
XBRL Europe held a very successful General Assembly in Brussels on February 18th, 2010. Forty-six members and guests were in attendance. Activities included: Plenary Meeting, Working Committees & working groups meetings. Thanks to our Spanish colleagues, the presentations from the meeting are now available. (link on title)
Learn More About XBRL Europe
XBRL Europe was created in June 2008, under the initiative of XII and some European jurisdictions, in order to foster regional communication and coordination in Europe. XBRL Europe, among other initiatives, aims to coordinate pan European projects, and constitute a central liaison point to the European Union authorities concerning XBRL, XBRL Europe is incorporated in Belgium (Brussels) as a non profit international association (Association Internationale sans but lucratif).....
The XBRL International (XII) Steering Committee Announces the Appointment of Koizumi Makoto as Chairman of the Best Practices Board
The XBRL International Steering Committee approved by unanimous vote Koizumi Makoto of Fujitsu, Inc. as the Chairman of the XII Best Practices Board.
“(For full article click the link in the title)
XBRL INTERNATIONAL SEEKS BROAD INPUT ON DISCUSSION DOCUMENT
XBRL International, Inc., today released “XBRL: Towards a Diverse Ecosystem”. This is a Discussion Document seeking public comment on the future business requirements and technical roadmap for the XBRL business information standard. The Discussion Document may be downloaded at: http://www.xbrl.org/2010TechDiscussion/2010TechDiscussion.pdf
The deadline to submit a comment letter or respond to the survey is March 19th, 2010.
XBRL International, Inc is pleased to announce its newest Provisional Jurisdiction: XBRL Romania
Romania continues to fulfill its commitment to sustainable economic development and undertakes the necessary steps to achieve major European macro-economic objectives in the context of the modern, global economy.
Sustainable economic development involves a diversity of contributions from all active players within the Romanian society and economy – social partners, business partners, professional associations, academic community and civil society.
IASC Foundation publishes proposed IFRS Taxonomy 2010
The International Accounting Standards Committee (IASC) Foundation today published for public comment an exposure draft of the International Financial Reporting Standards (IFRSs) Taxonomy 2010. The proposed taxonomy is consistent with IFRSs and the IFRS for Small and Medium-sized Entities (SMEs).
XII “Acknowledgement" of Brazil GAAP, US GRC, and TCA Taxonomies
XII has granted "Acknowledged" status to the Brazil GAAP Commercial and Industrial, US Governance, Risk and Compliance (GRC) Open Compliance and Ethics Group (OCEG), and the Taxonomie Comptes Annuels (TCA) taxonomies.
Deloitte Netherlands: Disclosure of XBRL financial statements
Deloitte Netherlands has disclosed their 2008-2009 Consolidated Financial Statement in XBRL using the 2009 version of the Dutch Taxonomy. Also an assurance report on the XBRL instance document has been prepared and published on the company’s website. As not all data items in the printed version of the annual report 2009 are covered by the 2009 version of the Dutch Taxonomy, the instance document contains footnotes that explain specific fact values where applicable. Although disclosure of XBRL reports is not mandatory, Deloitte Netherlands recognizes and supports XBRL as a data standard for managing and reporting financial and business information. The XBRL information can be viewed interactively on the company’s website and can be downloaded.
More information: Dave van den Ende (firstname.lastname@example.org) or Barbara Majoor (email@example.com) from Deloitte Netherlands.
Request for Comments: FINREP fully dimensional Taxonomy published on 31st December, 2009
A new FINREP fully dimensional Taxonomy was published on 31st December, 2009. This XBRL taxonomy, like all major XBRL taxonomies, represents a significant effort by a large number of people, in this case by people primarily within the FINREP XBRL group.
Please provide your expert opinion, comments and observations by 23rd April, 2010.
(To view the announcement click on title)
Call for Participation - Taxonomy Recognition Task Force (TRTF)
The XBRL International Best Practices Board (BPB) is accepting self-nominations for the existing Taxonomy Recognition Task Force (TRTF).
All members are encouraged to declare their interest in the work of this Best Practices task force. More information about the TRTF functions can be found at http://www.xbrl.org/TaxonomyRecognition/.
(To view the announcement click on title)
2010 HP Labs Innovation Research Program Call for Proposals
December, 2009 - HP Labs has launched its third annual 2010 Innovation Research Program (IRP) Call for Proposals, offering awards in the range of $50,000 to $75,000 USD to researchers at colleges, universities and research institutes around the world.
The program is designed to create opportunities for breakthrough collaborative research with HP. Proposals will be judged on their potential scientific and societal impact, as well as the caliber of the principal researchers, the availability of matching funds for the project and the quality of the proposed research plan.
The deadline for abstract submissions is 29 January 2010.
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