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. |
New XBRL International Progress Report issued
New XBRL International Progress Report issued
May 4, 2006
The XBRL International Progress Report for May 2006 is now available. Click the link above to read about the latest XBRL developments, including news and activities within XBRL International, news from XBRL jurisdictions, and member products and services.
SEC XBRL roundtable to include focus on Mutual Fund disclosures
SEC XBRL roundtable to include focus on Mutual Fund disclosures
May 8, 2006
The US Securities and Exchange Commission said that it will place a special emphasis on mutual funds at its first public forum on ways that interactive data can improve disclosure for ordinary investors. The roundtable on 12 June is the first in a series in 2006 which will focus on how XBRL will help provide investors and analysts with better financial information about companies and funds.
UAE Stock Exchange recommends all companies use XBRL
UAE Stock Exchange recommends all companies use XBRL
May 9, 2006
The Abu Dhabi Securities Market became the first stock exchange in the Middle East to foster XBRL by recommending that all listed companies in the UAE use it to facilitate analysis, improve the quality of financial information that companies distribute to the market, and enhance transparency.
Dutch Justice Minister submits accounts to demonstrate XBRL use
Dutch Justice Minister submits accounts to demonstrate XBRL use
May 16, 2006
The Dutch Minister of Justice has electronically submitted the accounts of a Dutch company to the Chambers of Commerce in a demonstration of the use of XBRL and the new Dutch finanical reporting taxonomy. The link above points to an explanation of the event, which took place on 15 May.
IASCF releases Spanish labels for its 2005 GP taxonomy
IASCF releases Spanish labels for its 2005 GP taxonomy
May 16, 2006
The IASC Foundation XBRL Team has released its Spanish translation of the complete label linkbase for the IFRS-GP (May 05) Taxonomy. Label translations are based on the IFRS International Spanish Bound Volume. Selected extensions for variances in use of the Spanish language in different jurisdictions are being compiled.
SEC official calls for simple XBRL implementations giving real value
SEC official calls for simple XBRL implementations giving real value
May 16, 2006
SEC Chief Information Officer Corey Booth has called for simple implementations of XBRL which can create real value in the shorter term. Speaking at the opening day of an XBRL International Conference in Madrid, Mr Booth suggested that using XBRL to encode earnings release information would be a very powerful initial niche for XBRL in the US. Another might be to use XBRL for company primary financial statements, leaving reporting of notes in XBRL to a later stage. To the see the full text of Mr Booth's review of XBRL's challenges and opportunities, click on the link above.
IASCF releases exposure draft of 2006 IFRS-GP taxonomy
IASCF releases exposure draft of 2006 IFRS-GP taxonomy
May 18, 2006
The IASC Foundation XBRL Team has released its IFRS-GP 2006 Taxonomy exposure draft for review purposes. This draft release includes revisions for 2005 IFRS amendments, new standards and interpretations (as approved by the IASB as at 1 January 2006). In particular, it reflects the new IFRS-7 financial instruments disclosures standard. It also reflects taxonomy feedback received since its May 2005 GP taxonomy.
SEC announces number of companies in XBRL pilot grows to 20
SEC announces number of companies in XBRL pilot grows to 20
May 23, 2006
The US Securities and Exchange Commission said the number of companies participating in a new programme to test the use of XBRL for financial reporting had grown by a further three to 20, compared with nine under an initiative last year. The programme will help explore how XBRL can improve the financial reporting process. The SEC announcement said XBRL holds the promise of transforming static, text-only financial documents into dynamic reports that can be quickly and easily accessed and analysed by millions of users.
Madrid International Conference highlights XBRL's rapid progress
Madrid International Conference highlights XBRL's rapid progress
May 25, 2006
The 13th XBRL International Conference in Madrid from 15 – 19 May 2006 highlighted the rapidly growing range of implementations and projects around the world which are based on XBRL. A stream of presentations reported on its successful use in the financial and public sectors, details of new projects and ideas for broader use of the standard. More than 470 delegates from twenty-one different nations attended.
XBRL International releases Conformance Suite for Dimensions
XBRL International releases Conformance Suite for Dimensions
June 14, 2006
XBRL International has released a Dimensions Conformance Suite as a Candidate Recommendation. It provides a range of tests to enable software vendors to verify that applications have correctly implemented Dimensions Specification 1.0, which is also at the Candidate Recommendation stage. Click on the link above for more information. To access the Conformance Suite, please go to www.xbrl.org/SpecRecommendations/.
