XII Press Release
XBRL International (XII) is seeking candidates to fill positions on the XBRL Standards Board (XSB). This is a call to all XII eligible participants who are interested in serving the organization as a voting member of the XSB.
The XSB is responsible for managing the production of the consortium's technical materials. It is charged with setting priorities for the creation of new material and ensuring all material is of a uniformly high quality, with the goal of accelerating adoption of XBRL around the world.
The XSB is comprised of members that between them achieve a blend of both technical and business skill sets and geographic representation (see Section 2.3 “Spread of membership” in the XSB Charter). The current XSB charter and XSB composition can be found at: http://www.xbrl.org/StandardsBoard/.
XSB candidates may be nominated by any member of XII. Individuals who are XII members may self-nominate for this position and no seconder is required. Where an individual is nominated by another member, the individual must confirm acceptance of their nomination before the close of the nominations period. The Nominations Committee will conduct interviews after the close of the nominations period. Final candidate recommendations will be presented to the XII Board for approval.
Term and Commitment
The terms of these positions are annual but may be renewed for up to 5 years by mutual agreement. The commitment of these positions will be up to three hours per week including meetings and review of materials in preparation as well as potentially face to face meetings at the XII Conferences.
The XSB is focused on improving its requirements management capability in order to ensure that work products provide timely solutions to real world problems. The XSB is also seeking to increase collaboration with the Best Practices Board, in order to provide technical input to guidance materials that promote consistent and effective use of the specifications.
Essential skills and experience:
- Working knowledge of the XBRL Specification stack.
- Practical experience of real-world XBRL implementations.
- Familiarity with software development process.
- Good understanding of standards development process.
Desireable skills and experience:
- Product management, and in particular requirements management.
- Knowledge or experience of other standards setting processes.
- Experience of modelling different types of business reports in electronic formats.
- Knowledge of data handling and processing techniques.
Any individual may be nominated as a candidate to the Standards Board.
Deadline for Submissions
The deadline for submitting nominations, candidate statements and for nominees to confirm they accept nomination is 23:59 UTC, 10 March 2014.
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 Cheryl Neal at firstname.lastname@example.org.
The XBRL Standards Board (XSB) is pleased to announce that, at the request of the Base Spec Working Group, the Extensible Enumerations 1.0 specification has been approved as a Candidate Recommendation (CR).
A Call for Implementations is being issued at this time with the minimum response period ending on February 28th.
The Extensible Enumerations specification allows taxonomy authors to define enumerated lists in a manner that allows the list to be added to by extension taxonomies, and which allows labels for the enumeration items to be provided in multiple languages.
The Extensible Enumerations specification uses domain member networks, previously used for dimensions, to constrain the allowed values for primary reporting concepts.
The Specification as well as the conformance suite can be found on the xbrl.org website at http://xbrl.org/SpecCRs or at the following location directly:
Implementations and feedback are requested and should be sent to email@example.com
(January 30, 2014) Washington DC - XBRL International, the global standards organization dedicated to improving business reporting, today announced that its 2014 conference, Better Data for Better Decisions, will be held in Orlando, Florida on June 9-11, 2014. The conference is hosted by XBRL US, the US consortium for business information reporting, which is a jurisdiction of XBRL International.
Regulators, accountants and financial market stakeholders are invited to attend this 3-day event focusing on the impact of structured data in the public and private sectors. Significant global initiatives such as Standardized Business Reporting (SBR), and government performance reporting as envisioned in the proposed U.S. DATA Act legislation, will be presented.
The program will also emphasize efficiency gains and risk reduction in corporate actions processing and bank regulatory reporting, important areas where XBRL is enhancing the reporting process.
SBR programs – government-led initiatives designed to reduce regulatory burdens by allowing for simplified reporting through agreed definitions – are currently in place in the Netherlands and Australia, and in the planning stages in several other countries. In the U.S., the DATA Act is a significant piece of legislation proposing the use of structured data for all government performance reporting. Discussion of these programs will present both the business and technical perspective through implementation case studies covering results, lessons learned and future plans.
“Government data collection and regulatory reporting in the U.S. is extremely fragmented which is needlessly driving up costs and reducing the effectiveness of government. Structured data reporting can significantly improve government programs, reduce costs and increase the effectiveness of regulatory mandates,” said Philip Moyer, SVP and Managing Director, Technology, at Safeguard Scientifics, who is also Chair of the XBRL International Conference Advisory Committee, “This program will be an extremely valuable forum for regulators, contractors, and policy makers to collaborate on the many lessons that have been learned from active government reporting initiatives.”
The program will feature panel sessions and case studies in one track, with hands-on technical sessions in a separate track.
“Conference attendees will walk away with critical information on successful implementations around the world, coupled with technical skills that can be put to immediate use,” said John Turner, CEO, XBRL International. “This is the first international XBRL conference being held in the US since the implementation of XBRL for SEC reporting. Now is a key time to examine how the improvements structured data is bringing to business reporting across the globe, can be applied to government performance reporting, corporate actions and banking in the US and abroad.”
Who should attend? Regulators and other policy makers, IT professionals and technologists, government contractors, securities processors, investment data analysts and data aggregators will benefit. Learn more and register at http://conference.xbrl.org . Media representatives should contact firstname.lastname@example.org for complimentary media passes.
The XBRL Standards Board and the Base Specification Working Group are pleased to announce the first Public Working Draft of the Taxonomy Packages specification.
Taxonomy Packages allow taxonomy publishers to include descriptive information within their taxonomies in a standardised format. This information can be used by software to provide a simplified user interface when opening the taxonomy, and also to hide much of the complexity often associated with configuring software to use a downloaded taxonomy.
Prior to this specification, users had to consult accompanying documentation in order to identify the correct files to open within the taxonomy. Using the Taxonomy Packages specification allows software to present a list of “entry points” with human-readable labels and descriptions.
Taxonomy Packages have been prototyped within the XBRL member community over the last two years, including successful adoption by a number of projects such as Corporate Actions. This prototype has now been contributed to XBRL International, and has been used as the starting point for an XII standards track.
The Base Specification Working Group is actively seeking feedback on all aspects of this specification, but has specifically requested comment on the approach taken to the handling of URL remappings.
The XSB anticipates that additional requirements gathering in this area will identify further desirable features and encourages members of the community working on XBRL projects to contribute their business needs.
Using the Bank of Indonesia as a case study, the XII Best Practices Board has published a guidance document on the proof of concept methodology to measure the performance of an XBRL processing engine when handling large instances. Read the case study.
The XBRL Standards Board and the Rendering Working Group are pleased to announce the publication of the Recommendation of Version 1.1 of the Specification for Inline XBRL. Company filings using the existing version of the Specification for Inline XBRL have been successfully mandated in a number of countries and currently account for the production of over 3 million documents each year.
The Specification documents and conformance suite can be found at the links below or on the XII website at: http://xbrl.org/SpecRecommendations
The new features in this version of the specification will simplify tagging for existing users and provide further mechanisms to support requirements in new markets. With the exception of the features listed below, the specification remains unchanged semantically from version 1.0.
The new features are:
1. the addition of an extension mechanism, ix:continuation, for splitting text content within a document;
2. the addition of the ability to nest 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.
As a simplifying measure, the Rendering Working Group recommends that authorities mandating the use of Inline XBRL require the use of version 1.1 in place of version 1.0.
The XBRL Standards Board and the Formula Working Group are pleased to announce the approval of the Variables 1.0 specification to Recommendation. Based upon feedback from the community, the previous version was edited to provide clarity to the specification. There is no intended change in meaning to the previous version of the specification and the schema remains unchanged.
The Specification can be found directly at the link below or on the XII website at: http://xbrl.org/SpecRecommendations
The clarification changes in this version are listed below for the benefit of the authors and implementers:
1. 4.2. Added missing error code to be raised when @fallbackValue references fact or general variables: xbrlve:fallbackValueVariableReferenceNotAllowed
No change in meaning - the spec already expressed this requirement.
2. 3.2 Added new error code xbrlve:parameterCyclicDependencies to be raised when there are circular references between parameters.
New validation rule, though for practical reasons all implementations must have enforced this validation previously.
3. 3.2, 3.5.1 The @name of a parameter element may now be used as a global name to reference that parameter in expressions. The parameter may still be referenced by a QName specified on the relationship of the parameter to a resource that makes use of it. In case of clashes, QNames defined on the relationships take precedence over QNames defined on parameter elements. Accordingly this is a backwards compatible change for formula authors.
4. 3.4.1 - Clarification notes on how filter specifications may be defined and implemented. Key points:
- Filter specifications may be written in terms of implied XPath expressions and require equivalent XPath errors to be reported, however they are actually implemented.
- It is left to implementations to determine the order in which filters are applied. Formula authors writing expressions in filters must do so defensively so that they can handle any input - they may not rely upon other filters having been applied previously.
- Implementations of filters should reject facts that do not have the aspects that they are covering.
The XBRL Standards Board and the Units Registry Task Force are pleased to announce the publication of the Units Registry – Structure 1.0 specification to Recommendation. This specification describes the structure of the XBRL International Units Registry. The Units Registry is an online listing of units that have been identified as potentially having wide utility. The Registry contains structured information about their purpose, usage and any intended impact on XBRL instance validation.
The Specification can be found directly at the link below or on the XII website at: http://xbrl.org/SpecRecommendations
Further information about the Units Registry, including the registry itself, can be found on the XII website at: http://xbrl.org/units-registry
(20 November, Ankara) – XBRL International (XII) today announced that XBRL Turkey, a joint venture of key public and private organizations that will spearhead the implementation of XBRL for digital business reporting in the country, has been granted Jurisdiction status. The establishment of a Jurisdiction in Turkey represents the first step in an ambitious effort to utilize XBRL in Turkey for a wide range of corporate and regulatory reporting.
“XII is pleased to welcome XBRL Turkey as a member of the community of financial, business and technology leaders that are setting the standard for the transparent, efficient sharing of business information and data. Better data leads to better decisions, and we applaud the efforts of our new colleagues in this important and fast growing country,” said John Turner, CEO of XBRL International.
“We are very excited to have been able to gather together all the central organizations involved in business reporting to our consortium. Joint work to initiate XBRL reporting in Turkey has already started and the work is progressing at a good pace,” stated Mr. Seyit Ahmet Bas, Chairman, Public Oversight Accounting and Auditing Standards Authority and XBRL Turkey Jurisdiction Facilitator and Project Manager.
In Turkey, the XBRL-GL taxonomy is the legal format for electronic bookkeeping. In addition to electronic bookkeeping, the Ministry of Finance Tax Inspection Board is seeking to establish a continuous monitoring and auditing system and to create a paperless auditing environment for large scale taxpayers in Turkey. The Ministry also wants to create an instance document analyser to automate various auditing processes.
The Capital Markets Board (CMB) and Borsa Istanbul A.S. (Borsa Istanbul) aim to make XBRL reporting obligatory for the over 550 companies that currently use the Public Disclosure Platform for regulatory filings. Work has begun on an XBRL-TR-IFRS taxonomy, based on Borsa Istanbul and CMB translations.
Due to strong support for XBRL from multiple regulators in Turkey, XBRL Turkey will also initiate a Standard Business Reporting project, with taxonomy development to begin in January of 2014.
About XBRL International
XBRL International is a not-for-profit consortium of approximately 600 companies and agencies worldwide working together to build the XBRL language and promote and support its adoption. This collaborative effort began in 1998 and has produced a variety of specifications and taxonomies to support the goal of providing a standard, XML-based language for digitizing business information.
About XBRL Turkey
XBRL Turkey is currently comprised of key stakeholders from the regulatory, academic and business communities, including the Ministry of Finance, the Central Bank of Turkey, the Capital Markets Board, Borsa Istanbul A.S., Malatya İnönü University, Ankara University, the Banking Regulation and Supervision Agency, the Scientific and Technological Research Council of Turkey, Turkish Statistical Institute and PWC. Project oversight is with the Public Oversight Accounting and Auditing Standards Authority, which is working with the stakeholders to outline an XBRL roadmap for Standard Business Reporting.
21 November 2013 – XBRL International (XII) is pleased to announce the new members of its Board of Directors, elected by the ballot that followed the XII Member Assembly at its general meeting on November 18, 2013. Those elected will serve two year terms expiring at the end of 2015.
The XBRL International Board of Directors is comprised of representatives from National Jurisdictions, the Direct Member base, as well as at-large representatives.
“The entire XBRL community joins me in congratulating those elected to the Board of Directors. XBRL International will benefit from their leadership and expertise as we work together to help improve reporting and hence, decision making, at local, national, regional and global levels.” said XBRL International CEO John Turner.
Elected to two-year terms:
H.E. Mohammed Khalifa Al-Hadari– Deputy CEO, Securities and Commodities Authority, UAE
Organisational Direct Member Representative
Mr. Cees de Boer - Member of Executive Board, CFO and COO, Deloitte, Netherlands (re-elected)
Mr. Andreas Weller – Head of IT, European Banking Authority, London