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 forms Standards Board to strengthen its technical output
XBRL forms Standards Board to strengthen its technical output
April 4, 2006
XBRL International said that it is forming a Standards Board (XSB) to strengthen the quality of its technical materials and manage their production more actively in order to accelerate adoption of XBRL around the world.
XBRL International announces formation of Standards Board
XBRL International announces formation of Standards Board
April 3, 2006
An XBRL International Standards Board is being formed to ensure that the technical materials produced by the consortium are of the highest quality and consistency, as well as remaining stable. It will be responsible for raising the level of openness and formality of the XBRL International standards setting process and for actively managing the process in order to improve operability and encourage adoption. XBRL International called for nominations to the new board and said Michael Ohata of Microsoft would be the chair.
US Accountants leader testifies to Congress on XBRL benefits
US Accountants leader testifies to Congress on XBRL benefits
March 30, 2006
SmartPros: Barry Melancon, president and CEO of the American Institute of Certified Public Accountants, testified before Congress on the benefits of XBRL in fostering transparency and providing other enhancements to financial reporting.
Seventeen companies join SEC pilot programme on XBRL
Seventeen companies join SEC pilot programme on XBRL
March 29, 2006
The US Securities and Exchange Commission said 17 companies have already agreed to participate in a new program to test the use of XBRL for financial reporting, compared with nine under an initiative launched last year. The companies will help explore how XBRL can improve the financial reporting process, provide feedback to the SEC and enable investors and analysts to assess new techniques for analyzing interactive data.
US Congressional committee hears testimony on XBRL
US Congressional committee hears testimony on XBRL
March 29, 2006
A US Congressional subcommittee on Capital Markets, which is aiming to foster transparency in financial reporting, heard testimony on the benefits of XBRL from leading members of the accounting and securities industries. A number of speakers explained the role of XBRL in supporting transparency at a committee hearing to review initiatives by regulators and industry. The link above provides transcripts of their testimony.
UK plan for mandatory use of XBRL is "sensible and prudent"
UK plan for mandatory use of XBRL is "sensible and prudent"
March 24, 2006
The UK government’s proposal to make the use of XBRL mandatory for company tax filing from March 2010 is a sensible and prudent step which will bring benefits for both companies and government, the UK arm of the XBRL International consortium said.
UK to make XBRL mandatory for company tax filings from 2010
UK to make XBRL mandatory for company tax filings from 2010
March 22, 2006
The UK Government said that it plans to make the use of XBRL mandatory for all company tax returns due after March 2010. The step, announced as part of the annual UK budget, is part of actions to increase the use of UK Revenue and Customs (HMRC) online services, and bring cost savings to both taxpayers and government. Company tax returns comprise both full financial accounts and corporation tax computations.
US Investment Company Institute announces XBRL initiative
US Investment Company Institute announces XBRL initiative
March 20, 2006
US Investment Company Institute President Paul Schott Stevens announced an initiative to adapt XBRL to disseminate financial data for use in mutual fund disclosure. "We hope to lay the groundwork for providing interactive mutual fund data that will serve the needs of investors and other interested parties," he said. (Summary, full text)
First Latin American XBRL Congress announced
First Latin American XBRL Congress announced
March 17, 2006
The first Latin American XBRL Congress will take place from 19-21 April in Buenos Aires. The objective is to explain and promote the standard, using experience in Spain as an important example. Speakers include leading figures from the central bank of Spain, the central bank of Argentina, the stock exchange of Buenos Aires and from elsewhere in Latin America. Agenda and other details; Registration.
Singapore regulator to introduce online filing in XBRL
Singapore regulator to introduce online filing in XBRL
March 16, 2006
The Singapore Accounting and Corporate Regulatory Authority (ACRA) has launched a project to establish XBRL as a standard for online financial reporting, according to MediaCorp News. ACRA is working with the Singapore Institute of Certified Public Accountants to make filing faster, more efficient and transparent through use of XBRL.
