The XBRL Standards Board has approved the publication of a new Candidate Recommendation of the xBRL-CSV, xBRL-JSON and Open Information Model specifications.
xBRL-JSON is one of several new specifications to reach candidate recommendation status last week, part of the XBRL modernisation initiative.
This week saw the much-anticipated publication of the Open Information Model (OIM) specifications as Candidate Recommendations.
XBRL’s new Open Information Model is a strategic initiative to simplify and modernise our standard. The OIM enables the free exchange of XBRL data across a range of different syntaxes. We are used to thinking of XBRL as an XML variant, but the OIM allows us to instead understand XBRL as a syntax-independent standard that […]
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.
Recently we updated readers on the progress of the Open Information Model (OIM)– which is well on its way to Recommendation status. But what will the OIM actually mean?
The OIM is central to the modernisation and simplification of the XBRL standard. Although XBRL is used extensively all over the world, allowing rich, structured data to be captured and used by businesses and regulators, the standard’s XML syntax is not always convenient and it often isn’t simple.
We were pleased to announce at the end of last year that new versions of the Open Information Model (OIM) and xBRL-JSON specifications have been released for public review. The release includes some significant improvements and simplifications to the xBRL-JSON representation, which provides an alternative representation for XBRL data. This is part of a larger XBRL International effort to modernise and simplify the standards and make XBRL data much easier to work with in modern software.
It’s difficult to think of a period in the last 50 years in which it has been harder to predict the shape of international relations, policy and regulation, especially where those topics relate to the United States. This week, just to add confusion to a complex world, both EU and US officials indicated that there […]
In a substantial speech to the Northwestern University’s 44th Annual Securities Regulation Institute symposium, recently retired SEC Chair Mary Jo White provided an interesting summary of her perspective on the achievements of that regulator during her term. She also provided some comments on the work that lies ahead. Chair White’s retirement as the 31st SEC Chair […]