XBRL News

XBRL News

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.

Call for Candidates - Implementation Guidance Task Force

(2 October 2013) -- The XII Best Practices Board (BPB) is creating an Implementation Guidance Task Force (IGTF) with the objective of capturing, developing and creating that guidance along with materials that will inform and guide those considering the implementation of XBRL solutions. Click here for more information.

The Implementation Guidance Task Force will consist of members with practical experience in recommending or implementing XBRL reporting solutions. We welcome input from all industry sectors and geographical regions.  ITGF membership is welcomed from interested parties who are not currently members of XII’s Best Practices or other boards, but part of the IGTF membership will come from BPB.

Members will be expected to actively contribute to the planning and creation of the implementation guidance materials. This may include outreach to recognised industry contributors and organisations.
There will be regular update calls which members will be expected to attend. 

Please indicate your interest in participating in the Implementation Guidance Task Force by e-mailing bpb@xbrl.org no later than Friday 25th October 2013.

XII Board of Directors Makes Leadership Appointments

(25 September 2013) -- At its 25 September meeting the XII Board of Directors was pleased to make a number of appointments related to the XII Best Practices Board and the XII Certification Board.

Appointed to leadership positions on the Best Practices Board are:

  • Ian Hicks, Corefiling,  Chair
  • Brad Monterio, Colcomgroup, Vice Chair

Appointed as Chair for the Certification Board:

  • Josef Macdonald,  Independent consultant, Chair

New members of the Best Practices Board include:

  • Thomas Boemoeser, JC Analytics, Germany
  • Ignacio Boixo, Bank of Spain, Spain
  • Gianluca Garbellotto, IPHIX, AU/US

The XBRL International Best Practices Board (BPB) actively manages the production, dissemination, and continual improvement of products and resources that describe practices, methods, and processes for successful implementation, integration, maintenance, and usage of XBRL specifications.

The XBRL International Certification Board (XCB) is tasked with the strategic leadership the XII’s certification program, including the development of the framework, components, education, examination and maintenance requirements for certification. The XCB also advises the XII Board on the execution and monitoring of ongoing Certification activities.

Feedback Request - Table Linkbase 1.0

(4 September 2013) - XBRL International is pleased to announce that the XBRL Standards Board, at the request of the Rendering Working Group, has approved as an updated Public Working Draft (PWD) the Table Linkbase 1.0. 

The table linkbase specification provides a way to define the structure of tables for the presentation and/or entry of XBRL instance data. Facts in an XBRL instance exist in a highly dimensional space, and the table linkbase specifies a projection of these facts onto a table. The composition of the axes of the table indicate how the dimensions, periods and other constraints on the data are arranged into the table.

A table linkbase can be used to define a standard view of XBRL instance data for a given taxonomy, or a view of the data in a specific instance.

The Specification as well as the updated conformance suite can be found on the xbrl.org website at http://www.xbrl.org/SpecPWDs or at the following location directly: 

Specification:  http://xbrl.org/Specification/table-linkbase/PWD-2013-08-28/table-linkbase-PWD-2013-08-28.html

Feedback is requested and should be sent to rendering-feedback@xbrl.org

Inline XBRL 1.1 Proposed Recommendation

*UPDATED* on 23 September - The XBRL Standards Board (XSB) has approved, at the request of the Rendering Working Group, the Proposed Recommendation for version 1.1 of the Specification for Inline XBRL.  The comment and response period will remain open until November 5, 2013.

Review comments should be sent to: rendering-feedback@xbrl.org

The Specification documents can be found at the links below or on the XII website at: http://www.xbrl.org/SpecPRs

Version 1.1 of the Specification for Inline XBRL contains three new
features:

1. the addition of an extended mechanism, ix:continuation, for splitting text content within a document;

2. the addition of nesting of ix:nonFraction and ix:fraction elements; and

3. the addition of support for fact-explanatoryFact links, by replacing the existing mechanism for structuring footnotes with a one based on a new element, ix:relationship.

Minor changes have been made to the grammar and layout of the specification in order to improve consistency and accuracy, but in other aspects, the specification has remained unchanged semantically from version 1.0. 

 

Deadline Approaching for Board and Committee Candidate Submissions

There is a 16 September deadline for submitting candidates for multiple volunteer leadership opportunities, including the Board of Directors and three standing committees: Membership Development, Nominations and Finance & HR.

Download the calls for candidates:

XII Board of Directors
XII Standing Committees, including the Membership Development Committee, Nominations Committee and Finance & HR Committee

You may submit either questions regarding the election process or your application materials to nominate@xbrl.org

XII Response to the IIRC <IR> Framework

(15 July, 2013) -- The XBRL International Best Practices Board (BPB) has coordinated and prepared comments on the Integrated Reporting Framework Consultation Draft (CD). Read the XII Response. The Framework provides businesses for a way to report how an organization’s strategy, governance, performance and prospects lead to the creation of value over the short, medium and long term.

XII Publishes Quality Control Process for Taxonomy Development

(June 28, 2013) - The Quality Control Process for Taxonomy Development highlights three key contributing factors which influence the Quality in an XBRL Taxonomy, including: 

  • Project Governance Structure 
  • Iterative Processes for Taxonomy Development, Test and Review; and
  • Skilled Resources in areas such as domain and XBRL technology experts.

Architectural issues at the design stage, internal and external review cycles and quality control check-lists foriterative testing are included as examples of framework components. Finally, this paper provides a sample list and description of supportive documents that enable this taxonomy quality control process to become a best practice.

The paper uses the Japan EDINET and UKHMRC taxonomies as case studies.

 

 

 

XBRL Asia (Asian-Oceanian) Roundtable Joint Statement

(May 23, 2013, Suzhou, China) -- The 4th XBRL Asia Roundtable was held in Suzhou during which cooperation and coordination of XBRL in the region was discussed and the establishment of an organization, XBRL Asia (tentatively named), was proposed.  The proposal was jointly supported by XBRL Australia, China, India, Japan, Korea and Singapore.


The participants have recognized that:

  1. The region (Asian-Oceania region), as an important engine for global economic growth, has played and will continue to play an important role in response to the international financial crisis and in restoring the global economy.  XBRL jurisdictions in the region shall, in the public interest, coordinate their positions and strengthen cooperation with constituents to contribute to the capital and financial markets transparency as well as facilitate business reporting in the region.
     
  2. In recent years, many jurisdictions in the region have adopted or applied the Extensible Business Reporting Language and many others are also preparing to introduce XBRL.  In the context of increasingly globalized information technology, XBRL jurisdictions in the region have continued and will continue to cement relationships.  It is appropriate for XBRL jurisdictions in the region to consider establishing a mechanism more systematic and institutional to discuss problems, share experiences in applying XBRL and make a contribution to a set of high quality global XBRL specifications issued and maintained by XBRL International (XII).
     
  3. The region features a large population, abundant resources, as well as co-existing developed and emerging economies.  A regional coordination in participations in XII’s specifications development will help the XII to realize the various kinds of requests relating to technical and specification matters in the region and enhance the XII’s leadership as a global IT standard development organization.

 

In view of this, participants discussed issues related to enhance cooperation and coordination of XBRL in the region and the possible establishment of XBRL Asia (tentatively named).  Participants agreed that further dialogue and negotiations are needed in establishing a more robust mechanism, such as XBRL Asia, to promote the application of XBRL in the region, share XBRL application experiences among jurisdictions and members of the region, facilitate improved transparency in business reporting, coordinate positions of jurisdictions and members in the region in participations in XII’s specification development and support XII’s effort to establish a set of high quality global XBRL specifications.

Mr. Mike Willis, the representative of XII, acknowledged and Mr. Olivier Servais, director of XBRL activities of the International Accounting Standards Board (IASB), applauded the proposal of establishing XBRL Asia.

Development Update - Table Linkbase

(17 June, 2013) -- XII is pleased to provide the following update on the develpoment of the Table Linkbase Specification:

Background:

The table linkbase specification provides a way to define the structure of tables for the presentation and/or entry of XBRL instance data. Rather than providing a simple arrangement of concepts as a hierarchy, it enables the definition of tables with multiple axes. The components of these axes are not limited to individual items; instead, they can be defined in terms of a combination of dimensions of any property that can be used to identify the financial facts represented by taxonomies. A table represents a subset of the complete model provided by a taxonomy, and may be used to represent reporting requirements; to represent a view of the data for analytical purposes; or to present an instance document in a certain way. Tables identify the data to be rendered, its order and a basic graphical arrangement.

An overview of Table Linkbase: http://www.xbrl.org/wgn/table-linkbase-overview/pwd-2013-01-16/table-linkbase-overview-WGN-PWD-2013-01-16.html

Current Status:

The Table Linkbase Specification is currently in the Public Working Draft (PWD) development stage. The current PWD is dated 17 May 2013. A Public Working Draft is a working draft that has been distributed to the general public for the purposes of obtaining feedback commentary. The XBRL standards development cycle allow for multiple PWDs based on market input and needs. The XBRL International Standards Board (XSB) approves the publication of all PWDs.

The current Table Linkbase PWD: http://www.xbrl.org/Specification/table-linkbase/PWD-2013-05-17/table-linkbase-PWD-2013-05-17.html

Market Situation:

As the Table Linkbase Specification has been identified as critical to a number of implementations currently underway, the XII Standards Board is giving Table Linkbase the highest priority. This, and the important feedback being received, has resulted in multiple drafts and requests for comment. Software developers and other stakeholders with a significant interest in the Table Linkbase Specification are encouraged to 1) follow developments carefully 2) verify you are working with the latest PWD and 3) plan for evolution of the specification in your software development efforts as the TLB progresses to recommendation status. Specification developments are announced on the XII website, through social media channels and the XII Weekly News Update (subscribe).

Timeline:

Specification quality and addressing broad market needs are our primary consideration. Due to pending project need, however, the XSB has committed to a calendar Q3 delivery of the Table Linkbase Specification to Candidate Recommendation (CR) status. CR status indicates that a particular specification has been widely reviewed and satisfies the Working Group’s technical requirements. XII publishes a Candidate Recommendation to gather implementation experience.

Contact:

rendering-feedback@xbrl.org

 

XII Seeks Candidates for Board Positions

XII is seeking candidates for the Standards Board (XSB), Best Practices Board (BPB) and Certification Board (XCB).

The deadline for all submissions of candidate statements and for nominees to confirm they accept nomination is 2359 UTC, 17 June 2013.

There is no limit on the length of candidate statements. Please send nominations, candidate statements and confirmation of acceptance of nominations, if applicable, by PRIVATE E-MAIL to nominate@xbrl.org.

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