XBRL News
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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 to gain momentum in 2007, says Financial Executives Intl
XBRL to gain momentum in 2007, says Financial Executives Intl
January 8, 2007
Financial Executives International (FEI), an association for chief financial officers and other senior finance executives, has placed XBRL near the top of its list of financial reporting challenges for 2007, saying the standard would gain momentum with increasing voluntary adoption during the year.
Michael Ohata named as new chair of XBRL Steering Committee
Michael Ohata named as new chair of XBRL Steering Committee
December 18, 2006
Michael Ohata, Director of Reporting Standards for Microsoft Finance, has been ratified as the new Chair of the International Steering Committee (ISC) of XBRL International (XII). He takes over from Kurt Ramin, XBRL Team Leader at the International Accounting Standards Committee Foundation (IASCF), who is retiring as chair after serving the maximum term.
SDMX and XBRL International announce joint project to explore interoperability
SDMX and XBRL International announce joint project to explore interoperability
December 15, 2006
The SDMX Sponsors Committee and XBRL International announced that a preliminary investigation by SDMX and XBRL experts has confirmed the potential for interoperability between the two frameworks, which focus respectively on statistical and business reporting. The two organisations announced plans for a project to explore the possibilities further.
Call for Interest - Versioning Working Group
Call for Interest - Versioning Working Group
December 15, 2006
XBRL International has issued a call to all those who are interested in participating in an XBRL International Working Group devoted to the topic of versioning of XBRL artefacts (instances and taxonomies) to make themselves and their interest known. If you are interested in participating, please send an e-mail to WGAdmin@xbrl.org indicating your interest. The XBRL Versioning Working Group would be expected to deliver a standard approach to maintaining the information necessary to process and analyse XBRL artefacts that may be changed (i.e. “versioned”) over time. What this approach should be is for the Working Group to decide, but possibilities range from a simple guidance document on use of existing technologies to the creation of a complete technical specification, conformance suite and reference implementation.
Charlie Hoffman receives AICPA award for pioneering XBRL work
Charlie Hoffman receives AICPA award for pioneering XBRL work
December 14, 2006
Charlie Hoffman, who conceived the idea of XBRL, has received the American Institute of Certified Public Accountants' (AICPA) Special Recognition Award for his pioneering work in proposing and helping to develop the language. Mr Hoffman, currently Director of Industry Solutions-Financial Reporting at UBMatrix, started investigating how XML could be used for electronic reporting of financial information in 1998 and then proposed the idea to the AICPA. Since the creation of the XBRL International (XII) consortium, he has continued to play a leading role in helping to develop and promote the standard.
Call for Participation – XBRL International GL Working Group
Call for Participation – XBRL International GL Working Group
December 12, 2006
The XBRL International Standards Board has issued a call to all those who are interested in participating in the XBRL International XBRL GL Working Group to step up and declare their interest and their intent to involve themselves in its work. If this specification is sufficiently important to your organisation it is appropriate that your organisation contribute to its creation.
The XBRL International Standards Board has confirmed that Jeff Fedor, current Chair of the XBRL GL WG, will remain in this role.
Full details are to be found at http://www.xbrl.org/XBRLGLWGCall/ including:
- Information about how to join the group
- The draft charter of the Working Group
Please visit this page to learn more – we hope that you will be able to participate in this important initiative.
Rendering Working Group approved - further call for participation
Rendering Working Group approved - further call for participation
December 11, 2006
The charter of the Rendering Working Group has been approved by the XBRL International Standards Board (XSB) and a first meeting of the group has been set for 18 December. The group is responsible for delivering a standard for the rendering of XBRL instances in human readable form. All those interested in participating in this group should e-mail WGAdmin@xbrl.org as soon as possible, if they have not already applied for membership.
Functions Specification released as public working draft
Functions Specification released as public working draft
December 11, 2006
Functions Specification 1.0 has been approved for release as a Public Working Draft by the XBRL International Standards Board (XSB). This specification defines XPath 2.0 functions to aid in the querying and creation of XBRL instance documents, effectively providing an XBRL-specific extension to XPath 2.0. It sets out a collection of functions which operate on XBRL constructs and defines their expected behaviour.
US SEC Chairman says XBRL will greatly improve audit quality
US SEC Chairman says XBRL will greatly improve audit quality
December 5, 2006
The adoption of XBRL will significantly improve the quality of audits and cut errors by companies, US Securities and Exchange Commission Chairman Christopher Cox said. Delivering a keynote speech at the 14th XBRL International Conference in Philadelphia, Mr Cox said that XBRL could ensure the correct classification of business data - removing human intervention and error and freeing resources for higher-value work. It would make regulators, analysts and investors more productive. In wide-ranging remarks, Mr Cox declared that the SEC was committed to ensuring XBRL remained a truly international, open source standard. The widespread use of XBRL would aid in translating financial data between accounting systems and accelerate the development of a set of truly global accounting standards, he said.
Major product announcements at opening of XBRL Intl Conference
Major product announcements at opening of XBRL Intl Conference
December 5, 2006
A set of major XBRL product announcements marked the opening of the 14th XBRL International Conference in Philadelphia on 4 December. New products released at the conference included new taxonomy building software, solutions for XBRL conversion, rendering and publishing, XBRL add-ins for Microsoft Excel, software to enable specialised reports based on XBRL data and improved analysis capabilities for the EDGAR Online XBRL database of more than 11,000 companies.
