MIX standardises on XBRL to Strengthen and Expand its Lending to the Poor

January 24, 2008

Microfinance Information Exchange, Inc. (MIX) is a business informa­tion provider for the microfinance industry. MIX tracks the performance of more than 900 microfinance institutions.These microfinance institutions provide fi­nancial services and small loans—often less than $100—to poor people and businesses in emerging nations. MIX has decided to standardise on XBRL for its offerings. For a video click here.

XII calls for applications for membership of the XBRL International Best Practices Board

March 17, 2008

 

The XBRL Nominations Committee seeks applicants to the newly approved XBRL International Best Practices Board (BPB).  The BPB will consist of seven members appointed by the XBRL International Steering Committee. Ideally each member will bring practical experience in XBRL implementation and fill a specific competency-role to ensure appropriate and balanced perspective, and a blend of skills.  The charter for this board can be found at http://www.xbrl.org/BPB/BPB-Charter-2008-03-03-Approved.htm

 

The targeted competency mix of BPB members currently sought is:

 

• Two Members: Program management – with practical experience in XBRL program management, and a focus on the design of feature sets based on functional requirements arising from the gathering, analysing and prioritizing of requirements from business to functionality. Competencies include the ability to drive key trade off decisions, to illustrate the best sequencing of features over time from a design perspective that they also meet requirements, and to evaluate the resource requirements for development and the delivery capacity of a distributed, matrix team.
• Two Members: Regulatory reporting management experts - with direct experience in XBRL regulatory reporting, and a focus on the design and/or operation of end-to-end business processes associated with regulatory reporting. Competencies and experiences in designing and managing systems from the business owner perspective and defining business architecture. Must have an understanding of the process of implementing new technology in government and large organizations, working closely with IT and business teams.
• One Member: Financial Analysis expert - with broad experience in using XBRL in financial analysis having a focus on the processes and methods used to collect and align data from disparate organizations, especially in international settings.
• Two Members: Software – with demonstrated experience in implementing XBRL enabled software solutions with a focus on XML and specifically XBRL technology. Competencies and experiences in designing and developing such software.

 

All members must demonstrate a record of working in international settings with clear competencies in teaming, judgment, negotiation, and strategic planning.

 

Applicants are asked to submit a CV including a cover letter stating how they align with the targeted competencies stated above, by 2  May 2008 to bpb@xbrl.org . 

 

UPDATE – May, 2008

 

The XII International Steering Committee approved a motion to extend the deadline for applications to the Best Practices Board to May 9th, 2008. While it is very pleased by the number and quality of the applications received by the deadline the interest expressed in the Best Practice Board leading up to the Eindhoven conference has encouraged a brief extension of the deadline.

 

 

 

Mandatory XBRL - Here it comes

April 16, 2008

On Monday, the SEC will hold an open Commission meeting to vote on a proposal to mandate XBRL. Given that this has been one of Chairman Cox's top priorities since he took office - and the Chairman and SEC Staff have not been shy about their timeframe to kick-start mandatory XBRL - this is no surprise.

Updated Irish GAAP Taxonomy granted Acknowledged status by XBRL International

May 29, 2008

XBRL International, Inc. has granted "Acknowledged" status to the latest release of the Irish GAAP taxonomy