The Standardization Administration of China (SAC) has submitted a proposal to ISO for a new international standard focusing on requirements for audit data collection. The aim is to address common issues, improve data accessibility and transparency, standardize collection and avoid duplicated efforts. The importance of this action and its obvious ties to our mission to […]
XBRL International is pleased to welcome the following new members to the Board of Directors, elected by the XII Member Assembly following its 5 November 2014 general meeting. Board members provide strategic direction and guidance to the staff and volunteers, along with financial oversight and governance of the XBRL consortium. Leng Bing (Jurisdiction Representative – XBRL […]
Erhvervsstyrelsen, the Danish Business Authority, has released the final Danish GAAP Taxonomy for use by listed companies in their yearly accounts reporting. Following a positive trend we are seeing in the US, the UK, China and elsewhere, XBRL Denmark indicates that there are plans to make this information freely available to the public directly from the XBRL […]
The IFRS Foundation has published Interim Release 2 to the IFRS Taxonomy 2014, updated to include IFRS 15 Revenue from Contracts with Customers, which was published by the IASB on 28 May 2014, and Common Practice (transport and pharmaceuticals). Learn more.
A recent briefing note shares some additional details on the proposed disclosure mandate for extractive firms in Canada. As reported last week it is anticipated that either a common reporting template will ultimately be developed for use in Canada, the European Union and the United State, or reporting for one of those Jurisdictions may also suffice in […]
The Netherlands SBR Program has published the first beta version (9.0.b.1) the 2015 SBR Taxonomy 2015. Along with the addition of inheritance tax declarations, a highlight of the new taxonomy is a simplification of the interface for filing statistical information. The SBR effort in the Netherlands continues to show the way forward in terms of cross […]
The New York Law Journal has an interesting take on efforts by the the SEC’s Division of Corporation Finance to review disclosure regulations S-K and S-X. While the Journal posits that the prospects for true reform are “minimal” the article does highlight the opportunities presented by technology. It describes the way that improvements to EDGAR […]
Following the lead of the EU and the US, the Canadian government has introduced legislation to implement new mandatory reporting standards for extractive (e.g. oil and mining) companies for the disclosures of payments to foreign and domestic governments at all levels.To reduce regulatory burdens, the intention is for reporting requirements to be uniform with EU and […]
Additional multi-lingual capability added to XBRL At its 29 October meeting, the XII Board of Directors approved the promotion of the Extensible Enumerations 1.0 specification to Recommendation Status, meaning the spec is stable and considered suitable for broad adoption and implementation.The Extensible Enumerations specification helps regulators and filers that need to customise structured data definitions. It allows the […]
The deadline for response to the European Commission’s public consultation on Regulation 1606/2002 (“the IAS Regulation”) is due Friday, 31 October. Click here to read the consultation document. The IFRS Foundation response is available here. [pdf]
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
