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Sparring over XBRL in the US Congress

By Dave Nitchman on May 4, 2015

As part of the legislative process, proposed laws in the US are first examined by committees of lawmakers, who call witnesses to testify on how the proposed Bill will impact various stakeholders. It’s an important bit of political theater but rarely provides anything in the way of new information. That was the case  at a […]

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SEC Wants Pay and Performance Data Linked with XBRL

By Dave Nitchman on May 4, 2015

The US Securities and Exchange Commission continues to seek to leverage interactive data for greater transparency. This week the body proposed rules to require companies to disclose the relationship between executive compensation and the financial performance of a company using XBRL. The goal is to provide greater transparency and allow shareholders to be better informed […]

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South Africa Business Registry Seeks Taxonomy Assistance

By Dave Nitchman on May 4, 2015

The South Africa CIPC has issued a call for a price quotation and detailed proposal for the development of the CIPC Taxonomy.

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SEC Releases Updated Rendering Previewer

By Dave Nitchman on April 27, 2015

The US SEC provides rendering previewers for filers to test how an interactive data submission will appear on the SEC’s website when submitted via EDGAR. Rendering is important because it adds back in the human readability component of machine readable XBRL data, which enhances usability. Learn more or access the viewer directly.

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IASB Updates Formula Linkbase

By Dave Nitchman on April 27, 2015

The IASB has published the 2015 Formula Linkbase.  Updates include implementation of generic labels for each formula group; revised schema imports; and revised human-readable validation messages. The IFRS Formula Linkbase may be used for filings with the IFRS Taxonomy directly, regulatory extensions to the taxonomy or with entity specific extensions. Learn more.

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Brazil Taxonomy Acknowledged

By Dave Nitchman on April 27, 2015

The Brazil GAAP Commercial and Industrial Taxonomy has been added to XII’s list of Acknowledged Taxonomies. XII’s multi-step Taxonomy Recognition Process validates the conformance of the taxonomy to the XBRL specification, determines that a taxonomy has been correctly authored, and that it has had sufficient input from the public and  meets the needs for which it was created. Learn more.

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XII Member Press Releases Available

By Dave Nitchman on April 20, 2015

Keep up with the latest corporate and product news from consortium members from around the world with our new member press release repository.

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Business Reporting 360° – The 2015 XBRL International Conference

By Dave Nitchman on April 20, 2015

Make your hotel reservation for XBRL 2015 at http://conference.xbrl.org now.

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Improving Business Reporting in Finland

By Dave Nitchman on April 17, 2015

XBRL Finland held a successful conference entitled the Real-Time Economy (RTE): Innovations for Europe Conference. Nearly 150 participants from 12 countries and 68 organizations came together in Helsinki to discuss advances in financial reporting, public data collection and accounting. The purpose of the conference was to disseminate information on RTE innovations and to gather people […]

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Get Involved in Taxonomy Guidance

By Dave Nitchman on April 8, 2015

The Best Practices Board’s Taxonomy Architecture Guidance Task Force has published a catalog of prioritised topics and ideas for future guidance for review and comment.

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