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Colombian SFC Announces Test XBRL Filing Period

February 11, 2015

Financial Institution Reporting in Colombia – IFRS adoption in Latin America is tightly connected to the use of XBRL, in order to improve the accountability and transparency of business performance not just through consistent accounting standards but via open data exchange. The Superintendencia Financiera de Colombia, or SFC, has announced from Bogota, Colombia, that its new […]

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Open Information Model – Call for participation

February 5, 2015

XII announces the formation of a new Working Group to further the development of a syntax-independent model for XBRL v2.1 and associated specifications.

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XBRL GL 2015 Published as Proposed Recommendation

January 30, 2015

Based on stakeholder feedback XII has published the XBRL GL 2015 Framework as a Proposed Recommendation, meaning that sufficient implementation and deployment experience has been gathered and it is believed that no additional development of the specification is necessary. The changes introduced in this version mostly fix errors and inconsistencies reported from implementation projects. New or enhanced functionality […]

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Europe Aims for Growth Through Capital Markets Union

January 30, 2015

The European Commission is preparing a consulting process on the development of a Capital Markets Union to spur growth, employment and investment in the 28 EU Member States

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Taxonomy Packages 1.0 Standardizes “Entry Points”

January 23, 2015

Those of you who work with them know that taxonomies can be large and as complex as the domains to which they are applied. Taxonomies are made up of many constituent XML files, and have historically been published alongside documentation that provides an explanation of which parts of the taxonomy do what. These “entry points” allow taxonomies to […]

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EIOPA Publishes Corrective Updates

January 8, 2015

In late December, following technical stakeholder feedback, EIOPA published several corrective updates to the Data Point Model and XBRL Taxonomy files to: Fix issues surrounding instance file submission; introduce Row/Column Codes in Annotated Templates; and provide information on the deactivation of specific validation rules. EIOPA is considering the publication of an additional release in February and will […]

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New Saudi Filing Mandate

January 8, 2015

The Ministry of Commerce and Industry (MCI) in Saudi Arabia has launched “Qawaem”, a new XBRL-based electronic reporting platform for the submission of consolidated financial statements by commercial entities in the Kingdom.

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New SEC Pilot to Promote XBRL Data Use

January 8, 2015

The SEC has launched a pilot program to provide information from XBRL filings in combined data sets on the SEC’s website for use by investors and academics.

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World Bank Publishes Sustainability Report in XBRL

January 8, 2015

The use of XBRL for sustainability reporting got a boost as the World Bank has started publishing its own annual sustainability report in XBRL using the GRI Taxonomy.

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XII Board Elects Officers for 2015

December 24, 2014

Cees de Boer has been elected to chair the Board of Directors of XBRL International. John Dill will serve as Vice Chair and Robert Tarola as Treasurer.

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