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. |
XII Taxonomy Recognition Task Force Grants “Acknowledged” Status to the General Purpose Taxonomy of Chinese Accounting Standards
(19 December 2012) – XBRL International (XII) today announced that the General Purpose Taxonomy of Chinese Accounting Standards (CAS) has been granted “Acknowledged” status by the Taxonomy Recognition Task Force. XII’s multi-step Taxonomy Recognition Process validates the conformance of a taxonomy to the XBRL specification, determines that a taxonomy has been correctly authored, has had sufficient input from the public and meets the needs for which it was created.
The CAS Taxonomy, first released in 2010and first applied in 2011, defines the elements of XBRL and the basic requirements of preparing XBRL financial reporting based on CAS. In 2012, the Ministry of Finance and XBRL China expanded implementation of the CAS Taxonomy and required filing of 2011 annual financial reports in XBRL. Currently 82 large and medium-sized local state-owned enterprises in 17 provinces, autonomous regions and municipalities; 18 financial institutions in the banking sector (including all of China's listed banks) and 14 large-scale central-administrated SOEs (of which 12 are listed on the US market) are using the CAS Taxonomy in their filings.
“Achieving Acknowledged status is an important recognition that highlights not just conformance to the XBRL Specification but also the dedication of the authors to the needs of the regulatory, filer and consumer communities,” said Anthony Fragnito, CEO of XII. “the Ministry of Finance and XBRL China continue to show leadership in the implementation of XBRL in one of the largest markets in the world”.
Extensions and modeling methods from the CAS Taxonomy also serve as the foundation for other XBRL taxonomies in China, allowing the MOF to take full advantage of XBRL for cross-jurisdiction regulatory information sharing for the securities and banking sectors.
- The General Purpose Taxonomy of Chinese Accounting Standards may be accessed at: http://xbrl.mof.gov.cn/taxonomy/2010-09-30/cas_entry_point_2010-09-30.xsd
- Information on the Taxonomy Recognition Process as well as a list of recognized taxonomies, is available on the XII website: http://www.xbrl.org/FRTaxonomies
XII 2012 Annual Report Available
Download your copy of the XII 2012 Annual Report for updates from leaders, Jurisdictions, Boards, Committees and more!!
XII Announces 2013 Board of Directors
14 November 2012 – XBRL International (XII) is pleased to announce its Board of Directors and Treasurer for 2013, as elected by the XII Member Assembly at its general meeting in Yokohama, Japan. Board members serve two year terms.
The Board is comprised of representatives from XII’s Jurisdictions, Organisational Direct Members, as well as at-large representatives including the Treasurer.
“The broad experience and continued commitment of the 2013 Board of Directors will be an asset to XII as it continues its progression toward XBRL being the prominent standard for the sharing of business information”, said XII CEO Tony Fragnito.
2013 Members of the XBRL International Board of Directors, including term expiration
Jurisdictional Representatives
Conor O'Kelly - XBRL Ireland (2014)
GA Ramaswamy - XBRL India (2013)
Ying Wei - XBRL China (2014)
Organisational Direct Member Representatives
Thomas - AICPA, USA (2014)
Cees De Boer - Deloitte, Netherlands (2013)
Juthika Ramanathan - ACRA, Singapore (2013)
At-Large Representatives
Al Berkeley – USA (2014)
Juliette Kennel - Swift, Belgium (2013)
Karla McKenna - Citi Bank, USA (2013)
Yoshiaki Wada - NTT Data, Japan (2014)
Paul Penler (Treasurer) – EnY, USA (2014)
The group advises and assists in executing strategic opportunities as a result of XBRL’s growing international adoption, identifies critical reporting trends for which the XBRL standard is appropriate, and develops long-term growth and sustainability strategies for the XBRL international consortium.
Provide your Input - Take the API Survey
In order to fulfill its mission to recommend standard APIs for XBRL-enabled systems, the XBRL International API Task Force is conducting a survey to:
- Better understand the challenges in developing, maintaining and/or using APIs in XBRL-enabled solutions
- Assess where market participants feel that XBRL-enabled software and supporting systems (for example databases or remote messaging) could be better adapted to the needs of XBRL users, practitioners and solution providers.
XII-recommended APIs will encourage inter-operability, simplify the task of integrating XBRL-enabled software into existing systems and improve the overall standard of XBRL-enabled solutions by providing design patterns specific to XBRL.
The results of this survey and the accompanying analysis will be released to the public. Survey respondents will not be identified.
The API Task Force is also soliciting existing APIs, persistence schemas or documentation from the community that may assist us to formulate best-practice approaches to various API domains.
Opinions and knowledge shared will influence the development of standard APIs for the XBRL community world-wide.
Versioning Work Group Issues Call for Implementation
17 August 2012 -- The Versioning Working Group has updated the suite of versioning specifications and the versioning overview supporting document.
They have issued a “Call for Implementations” of these specifications. Software vendors are invited to share their implementation experiences, and provide comments and suggestions resulting from those experiences to versioning-feedback@xbrl.org.
The following documents have been updated:
Candidate Recommendations (http://www.xbrl.org/SpecCRs) – Call for Implementations
• Versioning - Base (HTML)
• Versioning - Concept Use (HTML)
• Versioning - Concept Details (HTML)
• Versioning - Dimensions (HTML)
Working Group Note (http://www.xbrl.org/WGNs)
• Versioning Overview 1.0
Please review this important set of updated modules and provide feedback to versioning-feedback@xbrl.org.
XII Requests Feedback on Comparability Business Requirements 1.0
12 September, 2012 -- XII is requesting feedback on the release of the Phase 1 deliverable from the Comparability Task Force, Comparability Business Requirements 1.0. This document is laying the groundwork for the future work of the task force and will be used as a tool for defining comparability requirements in detail from a business point of view.
2013 U.S. GAAP Financial Reporting Taxonomy Now Available
August 30, 2012—The Financial Accounting Standards Board (FASB) today released the proposed 2013 U.S. GAAP Financial Reporting Taxonomy for public review and comment. The deadline to submit written comments is October 29, 2012.
*Please note* XII administers a taxonomy recognition process. Acknowledged and Approved taxonomies from XII are listed on the XII web site and information related to the program is available at http://www.xbrl.org/TaxonomyRecognition.
The proposed 2013 U.S. GAAP Financial Reporting Taxonomy contains updates for accounting standards and other recommended improvements to the official taxonomy, which is used by public issuers registered with the U.S. Securities and Exchange Commission (SEC). The 60-day comment period is intended to solicit feedback on these updates from users of the taxonomy and to provide SEC filers, service providers, software vendors, and other interested parties with the opportunity to become familiar with and suggest revisions to the taxonomy, including incorporating new elements for current filings.
The 2013 U.S. GAAP Financial Reporting Taxonomy is expected to be finalized and published in early 2013.
IFRS Formula Linkbase 2012 Now Available
The IFRS Formula Linkbase 2012 is now available to download. The current version of the formula linkbase is an updated version of the formula prototype which was released in October 2011. The 2012 formulae are designed to work with the IFRS Taxonomy 2012. The majority of the improvements between the current version and the prototype are related to the content.
*Please Note* XII administers a taxonomy recognition process. Acknowledged and Approved taxonomies from XII are listed on the XII web site and information related to the program is available at http://www.xbrl.org/TaxonomyRecognition.
Submit your Speaker Proposals for these XBRL25 Learning Tracks
XBRL25 will feature 9 learning tracks covering all of the latest developments and trends in using XBRL to improve the efficiency and quality of business reporting.
- XBRL Technology – Semantics, Standard and Best Practices
- Academic Developments
- Evolving Assurance Guidelines for Information Reports (Half Day)
- Leveraging the Benefits of Structured Data within Nonfinancial Domains
- Interactive Expo
- Business Intelligence, Data Analytics 2.0
- Building Confidence in the Banking Sector
- Opportunities and Challenges in the Insurance Sector
- Implementation
XII Issues Call for Candidates - Committees
XBRL International (XII) is seeking candidates to fill committee positions on the following three (3) XII Standing Committees: Nominations Committee, Membership Development Committee , and the Finance and Human Resources (FHR) Committee. Serving on an XII committee is an excellent way to make new contacts in the community, share your knowledge and demonstrate important collaboration and leadership skills.
The nominations period opens on 23 July 2012, so please review the committee descriptions and decide which one might be best for you. These committees are critical to the continued successful operation of XII and the advancement of the XBRL standard. Nominations are due by 23.59 UTC on Monday 10 September 2012.
Nominations Committee
Develops and oversees the procedures for the eligibility, nominations, appointments, elections, sign-up and recruitment of the Board of Directors, the Best Practices Board, the Standards Board and various other Committee positions within the Organisation.
Membership Development Committee
Membership Development Committee participants are sought to aid in the recruitment and retention of members in the organisation, including the development of new jurisdictions, the recruitment of new direct and jurisdictional members and the evaluation and continuous improvement of the XII value proposition.
Finance and HR Committee
The Finance and Human Resources Committee oversees the financial operations for the organization, including budget preparation, monitoring, risk evaluation and the audit process. The committee also evaluates the CEO and volunteer resources.
Important Information
Term:
Elected committee members serve a term of two years with the option to be re-elected for an additional term.
Eligibility & Requirements:
XBRL International invites interested parties to submit their CV together with a candidate statement supporting their nomination by private email directly to nominate@xbrl.org no later than 23.59 UTC on Monday 10 September 2012. When submitting a nomination please specify for which Committee you are applying. Only nominations directed to nominate@xbrl.org will be considered.
The candidate statement should specifically address the following:
- Experience/involvement with the XBRL International organization.
- Experience/involvement with any XII activities/initiatives/projects.
- What special skills or experience do you believe you will bring to the specific XII Committee for which you are applying?
Individuals may nominate themselves. If you would like to nominate someone other than yourself, however, please allow sufficient time for us to contact the individual concerned to ask them whether they are willing to accept the nomination and submit their CV and candidate statement by the above deadline. Nominees may exhibit interest in multiple committees with order of priority (1st choice, 2nd choice etc.). As these are working positions, candidates should ensure that should they be elected, that they have sufficient time and employer support to devote to their respective Committee Role(s).
Election Process
The Election procedures for the vote on nominees for these Boards/Committees are as follows:
- The Nomination Committee will review the completeness of all candidate submissions
- Candidate materials will be made available to the electoral body (e.g. Member Assembly)
- Candidates for the XII Nominations Committee, Membership Development Committee and Finance & Human Resources Committee will be voted on by the Member Assembly. (Note: all voting representatives eligible to vote in the Member Assembly will vote on these candidates).
The Nominees will be elected to the above mentioned Committees at the XII Member Assembly meeting in Yokohama, Japan on Monday, 5 November 2012.
If you have any questions concerning this election or the expectations regarding committee service, please address them to nominate@xbrl.org.








