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SpecXBRL GLXII News

XBRL GL 2015 Published as Proposed Recommendation

By Dave Nitchman on 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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Capital MarketsEuropeSecurities

Europe Aims for Growth Through Capital Markets Union

By Dave Nitchman on 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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SpecTaxonomyXII News

Taxonomy Packages 1.0 Standardizes “Entry Points”

By Dave Nitchman on 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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EIOPAEuropeSolvency II

EIOPA Publishes Corrective Updates

By Dave Nitchman on 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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FilingFinancial DisclosureGCCMandateSaudi Arabia

New Saudi Filing Mandate

By Dave Nitchman on 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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AnalysisResearchSEC

New SEC Pilot to Promote XBRL Data Use

By Dave Nitchman on 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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Non-FinancialSustainabilityTaxonomy

World Bank Publishes Sustainability Report in XBRL

By Dave Nitchman on 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 News

XII Board Elects Officers for 2015

By Dave Nitchman on 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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SpecXII News

Technical Update – Requirements for Ordering of Networks and their Root Nodes 1.0

By Dave Nitchman on December 18, 2014

Developers, Taxonomists and Specification Specialists — Please Read! The Base Spec Working Group has released an initial requirements document that seeks a standardised way to control ordering between multiple independent networks of relationships in a taxonomy and a mechanism to control the ordering between such concepts at the root.  Access the document

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FASBInsuranceTaxonomy

2015 US GAAP Taxonomy Released

By Dave Nitchman on December 18, 2014

FASB has released the 2015 US GAAP Financial Reporting Taxonomy (Pending SEC Acceptance). Major changes were confined to those related to Accounting Standard Updates, and input from the Insurance Industry Resource Group to remove redundancies. The increase in deprecated elements in comparison to the 2014 Taxonomy is the result of a review to reduce unused and redundant […]

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