The IFRS Foundation is seeking candidates to join the IFRS Taxonomy Consultative Group from 1 April 2019. The IFRS Taxonomy Consultative Group contributes to the development of the IFRS Taxonomy by providing regular input on taxonomy related issues. Members are drawn from a variety of business and geographical backgrounds. The Board is keen to appoint […]
The UK’s Financial Reporting Council (FRC) has amended its XBRL accounting taxonomies to reflect changes introduced in the UK GAAP triennial review and three new IFRS documents. UK IFRS reporters to HMRC and Companies House will need to use this collection to file their annual accounts. UK GAAP reporters applying the Triennial Review Amendments can […]
One of the most powerful features of XBRL is the ability to embed sophisticated business rules for validation into a taxonomy in the form of XBRL formula rules. XBRL formula is a very powerful language, but with that power comes some complexity. To help new users get to grips with the language, the XBRL Best Practices Board has just approved the publication […]
The XBRL Best Practices Board has published a first full release of the XBRL Glossary. Until now, there haven’t been better terms available for referring to XBRL features and functionality. The glossary seeks to change that by providing a set of simplified terms with a clear description to help newcomers get to grips with XBRL.
In September 2018, XBRL US submitted a letter in response to the U.S. Office of Management and Budget (OMB) request for information on a proposed public/private partnership called the Government Effectiveness Advanced Research (GEAR) Center. The goals of this partnership are stated as “re-imagining possibilities for how citizens interact with the Government; rethinking the delivery […]
A recent paper by the CFA Institute’s Financial Reporting Director, Mohini Singh, discussed the changing use of structured data by investors and analysts. Singh has followed this up with another piece focusing on reporting to lenders, tax authorities, and other regulating bodies around the world. More details about these case studies here.
The IFRS Foundation’s set of Taxonomy business rules for 2018 is also now available to download. It can be used with software tools supporting XBRL Formula. The release is accompanying material to the IFRS Taxonomy 2018 and has been updated from the 2017 version to reflect changes in the IFRS Taxonomy content. The business rules can […]
We’re pleased to announce that two more software products have gained XBRL Certified Software status. UBPartner’s XBRL Processing Engine and XT Portal products have met the stringent technical criteria that ensure the interoperability XBRL Certified Software products. Details of all certified software can be found on our certification portal. Vendors of software holding a current certification are entitled to […]
XBRL International is seeking candidates for both the XBRL Standards Board (XSB) and the XBRL International Nominations Committee (NomCom). The documents containing the desired attributes for potential candidates as well as instructions as to the submission of interest can be found below. To be considered for either the XSB or the NomCom, please submit the […]
The SEC final rule on amendments to disclosure requirements has been published in full, allowing our colleagues at XBRL US to assess its impact on XBRL requirements. In the near-term, the final rule doesn’t require any changes to what is required to be tagged by preparers. The ruling includes some areas that may result in […]