Jurisdiction Jump-Start Kit

Abstract

The following is the abstract from the Jurisdiction Jump-Start Kit, which gives an overview of the purpose of the Kit:

Jurisdictions representing countries or regions are crucial to the success of XBRL International.  They drive forward the use of the eXtensible Business Reporting Language (XBRL) in their area and play a vital part in running the international organisation.

This document explains how countries or regions which do not yet benefit from having a local jurisdiction can set one up.  It also gives guidance to jurisdictions in the early stages of development.  Among other things, it includes information on:

  • What is a jurisdiction.
  • Why it is necessary to form a jurisdiction.
  • The benefits of being part of a jurisdiction.
  • Guidelines on forming a jurisdiction.
  • The do’s and don’ts of creating a provisional jurisdiction.
  • How XBRL International supports new jurisdictions.

This document is aimed at organisations which are starting to create a local jurisdiction and interested persons or organisations who want to understand the steps involved in setting up a jurisdiction.  It also assists “provisional jurisdictions” by explaining the requirements for changing their status into an “established jurisdiction”.

This document should be used as starting point for the successful establishment of a provisional jurisdiction or for changing status to an established jurisdiction.  It makes use of the wealth of experience and knowledge of the XBRL International consortium as well as the experiences of current jurisdictions.

This document is a product of the Jurisdiction Development (“JurisDev”) Subcommittee.  The Jurisdev subcommittee exists to encourage and support the creation of new XBRL jurisdictions.

Please note that this document does not substitute for close and frequent contact with XBRL International and itsJurisdiction Development Subcommittee.  It is essential to benefit from their guidance, policies and procedures.  

The Jurisdiction Development Subcommittee would like to thank XBRL in Europe for its valuable input, effort and expertise in the drafting of this document.  

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