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2013SpecXII News

XII Announces Release of Versioning Specification Recommendation

By admin on April 4, 2013

XBRL International is pleased to announce that the XBRL Standards Board, at the request of the XBRL Versioning Working Group, has approved as Recommendation (REC) the Versioning Specifications including Base, Concept Use, Concept Details, and Dimensions. XBRL International would like to thank the members of the working group who have worked so diligently to bring […]

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AnalysisUnited States

Sector3 Awarded First Place in the 2013 XBRL Challenge

By admin on March 29, 2013

Sector3 was awarded first place in the 2013 XBRL Challenge at the annual XBRL and Financial Analysis Conference, NYC. Read the Sector3 entry.   http://www.istockphoto.com/photo/finances-13921029?st=f09a999

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IFRSIndia

Editorial: The Economic Times Calls on India to Move Towards IFRS

By admin on March 27, 2013

In an editorial, The Economic Times calls on India to move more quickly towards implementation of IRFS, and that further use of XBRL should be encouraged to “avoid ambiguity and achieve greater transparency”. The editorial goes on to say that “Reform in financial reporting is overdue, and the government must go the whole hog”.    

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FASBUnited States

FASB Adds Additional XBRL Implementation Guides

By admin on March 21, 2013

The FASB has added three additional implementation guides to its XBRL Series: Insurance – Concentration of Credit Risk Disclosures; Insurance – Reinsurance Related Disclosures; and Segment Reporting. The guides are designed to help users of the U.S. GAAP Financial Reporting Taxonomy understand how certain disclosures are structured within the Taxonomy. All guides are available at www.fasb.org.   http://www.istockphoto.com/photo/business-team-drawing-a-new-project-38668322?st=2321bff

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GuidanceNetherlandsSBR

Dutch SBR Program Posts Technical Starter’s Guide to XBRL

By admin on March 20, 2013

The Dutch SBR program has posted a new “technical starter’s guide” to XBRL, aimed specifically at software developers who intend to implement SBR/XBRL in their software but do not know where to start.        

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2013SpecXII News

XII Approves PWD of Streaming Extensions Module 1.0

By admin on March 15, 2013

XBRL International is pleased to announce that the XBRL Standards Board, at the request of the XBRL Base Spec Working Group, has approved as Public Working Draft (PWD) the XBRL Streaming Extensions Module 1.0. The Streaming Extensions Module is a backwards compatible extension to the XBRL v2.1 Specification that is designed to enable efficient, stream-based […]

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AustraliaMandate

Australia Accountants Support XBRL

By admin on March 14, 2013

In a joint submission, CPA Australia and the Institute of Chartered Accountants in Australia (ICAA) supported mandated use of XBRL for reporting with the stipulations that is be only for listed companies and with at least a five year implementation period. Read the article.   http://www.istockphoto.com/photo/currency-and-paper-money-of-australia-26324001?st=c61c6a0

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Basel IIIEurope

Banking Regulators Examine Basel III Complexity

By admin on March 12, 2013

Global banking regulators will examine whether their new rules forcing lenders to hold more capital to absorb any future losses should be simplified after criticism that they are too complex to be effective. Read more.   http://www.istockphoto.com/photo/euro-symbol-in-front-of-the-european-central-bank-39484324?st=5d1af99 

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2013SpecXII News

XBRL International Announces Release of HTML Version of XBRL 2.1 SPEC

By admin on March 5, 2013

XBRL International is pleased to announce that the XBRL Standards Board, at the request of the XBRL Base Spec Working Group, has approved as RECOMMENDATION this 2013-02-20 edition of the XBRL 2.1 specification.  This edition incorporates no new errata, but has been reformatted in HTML for readability and accessibility.   http://www.istockphoto.com/vector/vector-abstract-circles-background-24646629?st=6bba7f0

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Basel IIICRD IVEurope

EU Council Endorses Trilogue on CRD IV

By admin on March 5, 2013

The Council of the European Union “broadly endorsed the outcome of the most recent political trilogue with the European Parliament on the so-called CRD 4 package amending the EU’s rules on capital requirements for banks and investment firms” and put forth proposals to incorporate Basel III in to EU law.    

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