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.

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.

Organizations and experts are invited to test a new format for reports based on the GRI Guidelines, as GRI releases its draft XBRL Taxonomy for public comment. The resulting ‘exposure draft’ will be available for public comment until 23 January 2012. Find the taxonomy and related documents here.

Produced in a joint project with Deloitte, the new GRI XBRL Taxonomy for providing sustainability data will help investors, auditors and analysts to access information in sustainability reports faster, and more simply.

Rina Levy, Senior ESG Analyst at Bloomberg and member of the Taxonomy Review Team, said: “This is a really exciting time for sustainability reporting – the new taxonomy will really open up the information in reports and help investors and analysts find the data they need much more quickly and easily.”

GRI and Deloitte have produced an XBRL taxonomy covering both the G3 Guidelines and GRI's latest G3.1 Guidelines. The GRI Taxonomy has already been reviewed by an expert team. 

According to Inés García-Pintos, Head of CSR and innovation at CECA and member of the Taxonomy Review Team, public feedback is vital. “This XBRL taxonomy is for everyone, so we need to make sure it is as suitable and as high quality as possible. We urge organizations that report using the GRI Guidelines to help us achieve this by testing out the taxonomy and giving feedback to GRI.”

During the comment period, participants can review the Taxonomy and related documentation, see how the taxonomy is applied, and test the taxonomy by applying it to their reports. Feedback on these aspects will help GRI improve the taxonomy.

“The new GRI Taxonomy will enable organizations to tag their sustainability data in reports,” said Cees de Boer, CFO at Deloitte Netherlands and board member at XBRL International.

“The GRI Taxonomy will help organizations improve the quality and integrity of their sustainability performance data. This will help investors, auditors and other report users to access and compare GRI data more quickly and easily without the need for excessive manual work.”

Pedro Faria, Technical Director at Carbon Disclosure Project and member of the Taxonomy Review Team, added: “XBRL will have an important role to play in increasing accessibility to climate change and sustainability data in a user friendly, globally recognized format. Critical to the success of this project is ensuring that key stakeholders are closely involved in testing the taxonomies as they develop. I would like to invite all organizations to test and use the new GRI taxonomy as an essential contribution for its development.”

For more information about the XBRL taxonomy project, please see https://www.globalreporting.org/reporting/reporting-support/xbrl/Pages/d....

Your Clients Begin XBRL Filings Soon - Are YOU Ready?: A full day workshop at Bryant University, September 30, as part of the 11th Annual Bryant University XBRL Conference

(September 11, 2011) Bryant University is offering CPA firms that have SEC practices the opportunity to learn about the requirements and opportunities associated with the SEC's interactive data mandate and its impact on their clients. This full day workshop, held in conjunction with the 11th Annual XBRL Conference at Bryant University, is designed to help CPAs understand what they must do, what they can do, and what their clients expect of them.
Bryant University has been at the forefront of XBRL Education from the first days of XBRL, leading the way through its annual conference, outreach to other academics and students and especially founding and continuously administrating the annual XBRL academic competition, providing the XBRLEducation.com web site, and producing journal and articles.
Bryant will be bringing together leading speakers and thought leaders in the XBRL community to discuss XBRL, and will be hosting a special one day track (as part of the two day conference) focused on CPAs in practice.  CPAs from the local and surrounding area are invited to Bryant's ' attractive training  facilities for cost-effective practical and hands-on learning about XBRL and the SEC mandate.

The workshop on September 30 is in two distinct sessions.

The morning session, for all relevant practitioners, will provide the background on the SEC mandate, its impact on CPA firms and their clients, and the opportunities Year 3 of the SEC mandate brings. The afternoon session, for those ready to gain a more technical background, will be a hands-on session to learn the software and technology of the XBRL filings for the SEC mandate. Bryant's training laboratories have everything you will need to walk away with a strong grasp of the preparation and review tasks necessary for quality XBRL filings.

For more information on the Bryant University 11th XBRL Conference and the special workshop, please visit www.XBRLEDUCATION.com and http://www.xbrleducation.com/conferences/11th%20Tentative%20Program.pdf

About Bryant University:
Throughout our nearly 150 year history, Bryant has been building the knowledge and character of our students to help them achieve success. We are a student-centered university, focused on providing rigorous academic programs that integrate business and liberal arts to develop the skills and critical thinking that are essential to every profession.

The College of Arts and Sciences' array of academic programs combines a deep understanding of theory with practical skills and marketable experience so students can make a meaningful impact immediately upon graduation.
The College of Business offers business specialties with the depth and breadth of a large business school paired with the individual attention found on small college campuses.
The Graduate School of Business offers advanced degrees in business administration, taxation, and accounting that provide students with practical experience, a deep knowledge base, and a cadre of contacts to help them advance in their chosen careers.