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. |
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 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 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.
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.
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.
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.
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.
XBRL moves forward in Latin America
XBRL moves forward in Latin America
May 2, 2006
XBRL has moved forward in Latin America with a first XBRL Congress which attracted 250 participants from a range of South American countries, including senior business figures representing stock exchanges and central banks. The congress, from 19-21 April 2006 in Buenos Aires, focussed on explaining and promoting the XBRL standard, using experience in Spain as an important example. Speakers included senior figures from the central bank of Spain, the Spanish Stock Exchange, the central bank of Argentina, the stock exchange of Buenos Aires and accountants associations.
Dimensions Specification Candidate Recommendation is updated
Dimensions Specification Candidate Recommendation is updated
May 2, 2006
XBRL International has updated its Dimensions 1.0 Specification, releasing Candidate Recommendation 3. This contains two updates to the previous Candidate Recommendation. Feedback on this new version and the updates is requested. The specification is a modular, optional extension to XBRL allowing taxonomy authors to define and restrict dimensional information. A typical example of its use is the ability to define region and product dimensions for basic elements such as sales – although its potential uses go far beyond this simple case. It provides an important extension of the ability of XBRL to represent easily and efficiently the dimensional information which exists in business reporting.
Leading US politician urges Congress to fund XBRL development
Leading US politician urges Congress to fund XBRL development
April 27, 2006
Newt Gingrich, former speaker of the US House of Representatives, urged Congress to fully fund the development of XBRL in the United States. In testimony to a House of Congress subcommittee on Capital Markets, Mr Gingrich said: “Congress should fully fund the development of the XBRL project championed by SEC Chairman Cox so that U.S. companies can take advantage of this financial reporting system that allows investors and analysts to compare company performance."
