The Open Information Model (OIM) specifications, having been through a multi-year development process, are almost ready to be published publicly as Candidate Recommendations. But why has it taken so long? Standards need to be stable – especially when, as with XBRL, they are primarily adopted by risk-averse regulators and policy makers. Specifications also have a […]
XBRL International is getting ready for the upcoming publication of the Open Information Model specifications as Candidate Recommendations. What is the OIM, we hear you ask?
This week the XBRL Board of Directors has approved the progression to recommendation status of an important new specification: the Extensible Enumerations Specification (EE). Version 2 of the Extensible Enumerations specification provides improved support for reporting values that are taken from a prescribed list, such as a list of countries. The use of Extensible Enumerations […]
This week the XBRL Board of Directors has approved the progression to recommendation status of an important new specification: the Transformation Rules Registry (TRR4).
The XBRL Standards Board has voted to promote a number of additional data types to the Recommended status from their previous Candidate Recommendation state, following extensive testing from within the community, including by multiple vendors. These include data types that support Extensible Enumerations 2.0 and the OIM specifications, restricted monetary types, and physical measurements, amongst others. A complete […]
XBRL International has released requirements designed to improve the process of combining multiple XBRL or iXBRL reports into a package without losing the references between them.
After the XBRL International Board of Directors voted to formally rescind the Financial Reporting Taxonomies Architecture (FRTA) recommendation earlier this year, the process to rescind the FRTA has now been completed. The FRTA was a no-longer relevant 2005 recommendation on taxonomy design, predating more relevant experience and the 2006 Dimensions specification. It was a guidance […]
The XBRL Standards Board has approved the publication of a Candidate Recommendation of the new xBRL-CSV specification.
In anticipation of the upcoming European Single Electronic Filing (ESEF) mandate, the XBRL International Base Spec Working group has prepared new transformation rules that allow dates to be reported in Inline XBRL documents using different European languages and conventions. The working group is actively seeking feedback and review of these rules in order to ensure that they will meet the […]
The XBRL Standards Board has approved an important new release of the Open Information Model and xBRL-JSON specifications. The Open Information Model is a strategic initiative to simplify and modernise XBRL, allowing the free exchange of XBRL data into other formats.