The XBRL GL Framework is coming into increased use around the world as a way to standardize the reporting of financial and business information within an organisation or throughout a supply chain at a transactional level.
XBRL International has created an Audit Data Collection (ISO) Task Force to act as a single point of communication between the XBRL community and the ISO during the ISO/PC 295 project
The XBRL GL Working Group has released a package of multi-language labels to support the XBRL GL 2015 Framework that was released in March. The package provides full translations for Brazilian Portuguese, Chinese, Italian, Spanish, as well as partial translations for Finnish, Canadian French, and Turkish. We are seeing more entities making use of the capabilities […]
The XII Best Practices Board (BPB) has worked with the Brazilian National Treasury and their implementation team to prepare a case study that explains in-depth their experience implementing XBRL GL for government-to-government reporting.
XBRL Finland held a successful conference entitled the Real-Time Economy (RTE): Innovations for Europe Conference. Nearly 150 participants from 12 countries and 68 organizations came together in Helsinki to discuss advances in financial reporting, public data collection and accounting. The purpose of the conference was to disseminate information on RTE innovations and to gather people […]
The 2015 XBRL GL Taxonomy has advanced to Recommendation status, meaning it is stable and is considered suitable for broad adoption and implementation. XBRL GL is intended to enable the efficient handling of financial and business information contained within an organisation, including the representation of anything that is found in a chart of accounts, journal entries or […]
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 […]
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. Read the SAC proposal. The importance of this action and its obvious ties to […]
After a careful process of review, the XBRL Global Ledger 2014 Specification has been given Candidate Recommendation status, meaning it is meets all identified requirements, and is ready for implementation in software. The XBRL Standards Board is also issuing a Call for Implementations, to identify necessary modifications. The XBRL GL Working Group will accept comments […]
The latest version of the XBRL Global Ledger taxonomy and framework has been released as a Public Working Draft. Comments are invited and should be sent to firstname.lastname@example.org.