XBRL News
 |
XBRL NewsThis 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. |
XBRL International Seeks Broad Input On Discussion Document
XBRL International, Inc., (XII) released “XBRL: Towards a Diverse Ecosystem” today, 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.
The XBRL Standards Board (XSB), responsible for managing the technical development of the XBRL standard, has developed the Discussion Document to determine the technical goals of the Consortium over the next 5-10 years. The XSB is seeking feedback on its proposals to focus on three areas:
- Ease of use for developers
- Enabling information comparability around the world
- Simplifying the use of XBRL data for analysis systems.
XII Grants "Acknowledged" status to a series of taxonomies from XBRL US
XII Grants "Acknowledged" status to a series of taxonomies from XBRL US
XBRL US has published a set of taxonomies that supersede the versions published in 2005 and 2006. A final release for which XBRL International "Approved" status will be sought is scheduled for later in 2008.
SEC offers incentives to companies that file in XBRL
SEC offers incentives to companies that file in XBRL
January 11, 2006
The U.S. Securities and Exchange Commission offered expedited reviews of registration statements and annual reports to companies that take part in the test filing of financial reports in XBRL, saying that interactive data holds the promise of transforming the static, text-only documents companies file with the SEC into dynamic financial reports that can be quickly and easily accessed and analysed. A SEC official later said the offer was drawing "plenty of interest".
EDGAR Online to provide Chinese company data in XBRL
EDGAR Online to provide Chinese company data in XBRL
January 18, 2006
EDGAR Online Inc announced that it will be the first U.S. financial information company to deliver Chinese company fundamental data from both the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE) in XBRL format.
SEC to help lead the quick introduction of interactive data
SEC to help lead the quick introduction of interactive data
January 18, 2006
Speaking to a US XBRL conference, SEC Chairman Christopher Cox said the SEC would play a leadership role in moving ahead the implementation of interactive data, seeking results in months not years. Cox added that the real basis of the SEC's interest in interactive data is its fundamental mission: to protect investors. Video versons of the speech are available via http://sec.gov/news/speech.shtml.
US FASB seeks manager to lead its XBRL activities
US FASB seeks manager to lead its XBRL activities
January 25, 2006
The US Financial Accounting Standards Board (FASB) is seeking to recruit an XBRL Manager to lead and manage all of the FASB’s activities related to XBRL and other technology improvements for financial and business reporting systems. Click on the link above for more information about the post and how to apply.
XBRL US offers training, support to companies in SEC programme
XBRL US offers training, support to companies in SEC programme
January 25, 2006
XBRL-US welcomed the SEC's plan to offer incentives to companies to take part in its XBRL voluntary filing programme and said XBRL-US will make substantial educational and training resources freely available to help companies to participate.
It has also created an information sheet for companies about the programme, which is available here.
US regulator reports major success from XBRL banking project
US regulator reports major success from XBRL banking project
January 31, 2006
The use of XBRL for regulatory bank reporting in the US has achieved major success, according to the FFIEC (Federal Financial Institutions Examination Council). The FFIEC said its XBRL-based solution, which went live in October had achieved measurable benefits, with an increase from 66% to 95% in data cleanliness, 70% to 100% in accuracy, weeks to hours in timeliness and a 15% rise in the productivity of analysts.
Filing of accounts in XBRL begins in UK
Filing of accounts in XBRL begins in UK
February 1, 2006
Companies House, the official body which receives company financial statements in the UK, has started receiving accounts in XBRL. Its new system is handling statements for audit exempt companies. After gaining experience of XBRL with this project for small company filing, both Companies House and the UK Revenue and Customs are looking to expand the use of filing in XBRL over the next year.
US SEC opens door for use of XBRL by EDGAR database
US SEC opens door for use of XBRL by EDGAR database
February 2, 2006
AccountingWEB.com: In seeking a new manager for its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) database, the Securities and Exchange Commission has widely opened the door for that system to use XBRL.
