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IASB Updates Formula Linkbase

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

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

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

April 20, 2015

Check out the track listings and register for XBRL 2015 at http://conference.xbrl.org

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Improving Business Reporting in Finland

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

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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Audit Data Standards – Update

March 26, 2015

It’s official. ISO member countries have voted to approve a Technical Committee proposed by China to tackle the development of international standards for how auditors obtain accounting data, including format and content requirements of accounting data elements and data interface output files. As of now there are 13 participating countries and 29 observing countries. XII developed a position […]

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XBRL GL Taxonomy Advances to “REC” Status

March 26, 2015

The 2015 XBRL GL Taxonomy has advanced to Recommendation status, meaning it is stable and is considered suitable for broad adoption and implementation. XBRL GL is intended to enable the efficient handling of financial and business information contained within an organisation, including the representation of anything that is found in a chart of accounts, journal entries or […]

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Comment on IASB’s IAS 7 Amendments

March 25, 2015

The XBRL community is urged to comment on the IASB’s Proposed Amendments to IAS 7.

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Updated CRD IV Validation Rules, DPM and Taxonomy from the EBA

March 25, 2015

Amendments and updates have been made available by the EBA.

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