XBRL International, Inc is pleased to announce
its newest Provisional Jurisdiction:
XBRL
Romania
26 February 2010
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.
Along this
path, in October 2009, “XBRL Romania” was organized
as a not-for-profit professional association with the aim to develop, implement
and promote XBRL in the Romanian economy. On the 17th of November
2009, the International Steering Committee of XBRL International, Inc. approved
the Provisional Jurisdiction of “XBRL Romania”. The jurisdiction is now ready
to launch its website and membership campaign. To find out how to join XBRL Romania immediately, send an email
to xbrlro@xbrl.org (More details will be
soon available at: http://www.xbrl.org/ro )
The first phase of development planned in
Romania is a technical one, in which XBRL Romania will construct the web
platform as well as the interface of this platform within the XBRL
International web site. The association XBRL Romania is happy to announce that it has succeeded to attract the involvement
of top experts in the information technology sector that have already started
developing the platform.
In parallel with this, the next challenge is to
create a coherent, effective and reliable corporate governance structure within
the association, so that transparency and communication with the local
membership is efficient and open. All relevant points of view, professional
interests, commitments and needs of all interested parties are considered. The
corporate governance structure will be designed so that it exclusively and
effectively serves the overriding, ultimate goal of smoothly connecting and
integrating the Romanian economic life into the larger, global economy and
reporting enviroments.
About XBRL Romania
XBRL Romania is an open
association that gives all interested parties, professional bodies (CECCAR,
CAFR, CCF, AGER, UNPIR, UPRL, etc), regulators, governmental agencies,
academics, private companies, banks, investment companies and individual
professionals the opportunity to be involved as members and to encourage and offer support for the study, development, and application
of XBRL in Romania and to promote the statutory acceptance of XBRL taxonomies while acting as the channel for international exchange and communication.
We hereby warmly invite all such interested
parties to join our effort aimed at modernizing and upgrading the technological
resources to facilitate the transparent circulation of financial and
non-financial information in the Romanian economic life and at establishing a
connection with international information exchanges, which reaches, in this
way, a global dimension, by the usage of the Extended Business Reporting Language. Send email of interest to xbrlro@xbrl.org (More details will be soon
available at: http://www.xbrl.org/ro )
About XBRL
XBRL (eXtensible Business Reporting Language) is a language for
the electronic communication of business and financial data, which is
revolutionizing business reporting around the world. It provides major
benefits in the preparation, analysis and communication of business information
and offers cost savings, greater efficiency, improved accuracy and reliability
to all those involved in supplying or using financial data. XBRL offers major
benefits at all stages of business reporting and analysis. The benefits
are seen in automation, cost saving, faster, more reliable and more accurate
handling of data, improved analysis and in better quality of information and
decision-making. (http://www.xbrl.org/home/)
About XBRL International, Inc
XBRL International is a
not-for-profit consortium of approximately 550 companies and
agencies worldwide working together to build the XBRL language and promote and
support its adoption. The consortium members meet periodically at the
international conferences (see http://conference.xbrl.org/),
conduct committee work regularly via conference calls, and communicate in email
and phone calls throughout the week.
This collaborative effort began
in 1998 and has produced a variety of specifications and taxonomies to support
the goal of providing a standard, XML-based language for digitizing business
reports in accordance with the rules of accounting in each country or with
other reporting regimes such as banking regulation or performance benchmarking.
You can read more about our history, the missions of the working groups that
carry out much of the work of the organisation, and the elected steering committee
that sets the goals of the consortium at http://www.xbrl.org/AboutTheOrganisation/.
Interested companies and agencies
are encouraged to join the XBRL
International consortium and participate in building the future of electronic
business reporting.
Announced by:
Liana
Elefterie
XBRL Romania