This is a listing of XBRL news from around the world. If you have news that you would like to share, please send it to us.
The XII Best Practices Board is conducting a short survey in order to develop criteria and prioritize the work product for the coming year. Your input into this process is vital to the continued successful development and adoption of the XBRL standard.
*NEW* XII has added a new Interactive Panel Discussion: New and Anticipated US XBRL Mandated Data Standards and Its Impact on Government & Capital Markets Reporting to the program at XBRL23. Just $195 and includes the full Thursday program as well. Free to XBRL attendees. Register here.
Thursday, 27 October 2011 – 0900
Following video remarks from House Oversight and Government Reform Committee Chairman Darrell Issa(R-CA), join in an interactive discussion featuring David Blaszkowsky from the U.S. Treasury, Kim Wallin, State Controller of Nevada and IMA board member and David Colgren, CEO of the Colcomgroup and Chair of the IMA XBRL Sub-Committee on Advocacy and Adoption of XBRL and strategic advisor to XBRL International.
The interactive panel will discuss:
The Children and Family Services Innovation and Improvement Law that was recently approved by Congress and signed into law by President Obama. Section 105 amends the Social Security Act to require the Secretary of the Department of Health and Human Services to designate common data elements and common data reporting standards to govern the reports that states must submit to the Federal government on how they spend child welfare funds that they receive from the Federal government. The provision expressly requires the Secretary of the Department of Health and Human Services to “incorporate existing nonproprietary standards, such as the eXtensible Business Reporting Language.” The panel will discuss key provisions, time schedules for implementation, additional legislative efforts to use XBRL across social service reporting and its relevance to the XBRL community.
The Digital Accountability and Transparency Act “DATA Act” (H.R. 2146/S. 1222) pending before Congress. The data standardization language in this legislation pending before Congress that mandates XBRL is very similar to the data standardization provisions of the recently enacted Children and Family Services Innovation and Improvement Law that would require the same innovation for all Federal spending data. The panel will discuss the status of this legislation, implementation options, potential benefits to various stakeholders such as city, state and federal government, policy makers and taxpayers and how it will change reporting between cities, states and federal agencies using insight from Kim Wallin and the State of Nevada. The panel will discuss basic steps XBRL members can take to help support the DATA Act approval by the US Congress.
Current and Future XBRL Implementation in the United States:
The panel is also prepared to discuss XBRL efforts being pursued - independent of legislation- in other federal agencies and departments to provide transparency and accountability as well as provide a brief overview of the status of implementation of XBRL by the US SEC.
The session is $195 and also includes all Thursday XBRL23 activities (including lunch). Full registrants to XBRL23 can attend this special session free of charge.
U.S. President Obama signed the Children and Family Services Innovation and Improvement Act, H.R. 2883, which specifically references XBRL.
The text of the new law is here: http://thomas.loc.gov/home/gpoxmlc112/h2883_rds.xml
The data standardization provision is in Section 105 which amends the Social Security Act to require the Secretary of the Department of Health and Human Services to designate common data elements and common data reporting standards to govern the reports that states must submit to the Federal government on how they spend child welfare funds that they receive from the Federal government. The provision expressly requires the Secretary of the Department of Health and Human Services to “incorporate existing nonproprietary standards, such as the eXtensible Business Reporting Language.”
XBRL International will be holding elections for the XBRL International Board of Directors (XII Board) and XII Standing Committees during the XII Member Assembly meeting held on 2011-10-25 in Montreal, Canada. These leadership roles 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 instructions before submitting your nominations
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)
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
Please download and carefully read the nominations document before submitting your nomination.
Standard Business Reporting (SBR) has been announced as the standard platform for superannuation industry transactions as part of the Stronger Super Reforms. Specifically, SBR will be used to develop the taxonomy and message structures and XBRL will be used as the standard for information exchange across the superannuation industry in Australia. These standards will be mandated across all member contribution and rollover superannuation transactions and relevant reporting to Government.
Read the full Stronger Super Information Pack.
Read the media release from the Hon Bill Shorten MP, A Better Deal for Super Fund Members.
Your Clients Begin XBRL Filings Soon - Are YOU Ready?: A full day workshop at Bryant University, September 30, as part of the 11th Annual Bryant University XBRL Conference
(September 11, 2011) Bryant University is offering CPA firms that have SEC practices the opportunity to learn about the requirements and opportunities associated with the SEC's interactive data mandate and its impact on their clients. This full day workshop, held in conjunction with the 11th Annual XBRL Conference at Bryant University, is designed to help CPAs understand what they must do, what they can do, and what their clients expect of them.
Bryant University has been at the forefront of XBRL Education from the first days of XBRL, leading the way through its annual conference, outreach to other academics and students and especially founding and continuously administrating the annual XBRL academic competition, providing the XBRLEducation.com web site, and producing journal and articles.
Bryant will be bringing together leading speakers and thought leaders in the XBRL community to discuss XBRL, and will be hosting a special one day track (as part of the two day conference) focused on CPAs in practice. CPAs from the local and surrounding area are invited to Bryant's ' attractive training facilities for cost-effective practical and hands-on learning about XBRL and the SEC mandate.
The workshop on September 30 is in two distinct sessions.
The morning session, for all relevant practitioners, will provide the background on the SEC mandate, its impact on CPA firms and their clients, and the opportunities Year 3 of the SEC mandate brings. The afternoon session, for those ready to gain a more technical background, will be a hands-on session to learn the software and technology of the XBRL filings for the SEC mandate. Bryant's training laboratories have everything you will need to walk away with a strong grasp of the preparation and review tasks necessary for quality XBRL filings.
For more information on the Bryant University 11th XBRL Conference and the special workshop, please visit www.XBRLEDUCATION.com and http://www.xbrleducation.com/conferences/11th%20Tentative%20Program.pdf
About Bryant University:
Throughout our nearly 150 year history, Bryant has been building the knowledge and character of our students to help them achieve success. We are a student-centered university, focused on providing rigorous academic programs that integrate business and liberal arts to develop the skills and critical thinking that are essential to every profession.
The College of Arts and Sciences' array of academic programs combines a deep understanding of theory with practical skills and marketable experience so students can make a meaningful impact immediately upon graduation.
The College of Business offers business specialties with the depth and breadth of a large business school paired with the individual attention found on small college campuses.
The Graduate School of Business offers advanced degrees in business administration, taxation, and accounting that provide students with practical experience, a deep knowledge base, and a cadre of contacts to help them advance in their chosen careers.
The program for the 23rd XBRL International Conference will be an XBRL experience like no other – featuring a dynamic agenda led by experts from around the world sharing their knowledge and insight. Case studies, panel discussions and keynote sessions by technology, business and regulatory leaders will bring to life the tangible benefits of XBRL and demonstrate how it can be used to enhance business performance .
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.
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. To read more about this, click here.