Are US companies ready for XBRL? Are they even thinking about it? Compliance Week polled its readers on the subject a few weeks ago. The results were less than encouraging. Surprisingly, even though large companies will start adopting XBRL probably in a matter of months — they are just as unprepared for the change as small companies.
Is it possible that XBRL enabled search technology increases the transparency of company financial disclosures? In my opinion, certainly it does. Whether it is publicly traded companies or privately held companies, people who are charge of management know that most investors and analysts pay more attention to information in the body of financial statements rather than lengthy footnotes [...]
Other than acknowledging that the Securities and Exchange Commission has proposed a mandatory XBRL filing rule for reporting companies, and then outlining the compliance deadlines for that rule, the tech press hasn’t said much about what that rule will require. So when a client alert on the proprosed rule from [...]
BRUSSELS, BELGIUM, MAY 6, 2008
XBRL International, Inc. (XII), www.xbrl.org, announced today it has formed XBRL Europe, a non-profit association based in Brussels to represent, coordinate and support XBRL members within Europe in their efforts to drive XBRL strategy and adoption across the region. Founding members of XBRL Europe are: XBRL Belgium; XBRL France; XBRL Ireland; [...]
The International Accounting Standards Committee Foundation’s XBRL Team has released the near-final version of the IFRS Taxonomy 2008, translating International Financial Reporting Standards into Extensible Business Reporting Language. XBRL Team is redeveloping the IFRS Taxonomy in order to reflect the new versions of IFRSs. Among some improvements, the IFRS Taxonomy 2008 will include new XBRL technologies such as Versioning, Dimensions and Rendering.
XBRL Ireland have released the XBRL Irish AAP Taxonomy revision to cover FRS20-29 for general purpose Irish Commercial & industrial (C&I) companies as a Public Working Draft for public comment.
Everybody are invited to download the taxonomy from http://www.xbrl-ie.org and submit feedback to XBRL Ireland.
UBmatrix Announces Support For 2008 XBRL Formulas For Processing and Validation. Formula Specifications Are Driving Force Behind the Flexibility of XBRL Reporting; UBmatrix Support Will Allow for XBRL Community Review and Acceptance of Formula Standards.
UBmatrix sets the standard for XBRL processing performance. Company Publicly Releases Performance Tests of XBRL Processing Engine For Use By XBRL Developers and IT Managers.
SpiderMonkey is CoreFiling’s integrated taxonomy development platform. Depending on requirements, SpiderMonkey can be used as an Enterprise or Industry-wide collaboration tool, suitable for large teams to capture subject matter expertise concurrently, or as tool for individual accountants, auditors, analysts and reporting professionals to work in a stand-alone manner.
XBRL International, Inc. has formed XBRL Europe, a non-profit association based in Brussels to represent, coordinate and support XBRL members within Europe in their efforts to drive XBRL strategy and adoption across the region.
XBRL is supported by local organizations called “Jurisdictions”. Jurisdiction is focused on country which represent and its purpose is education, marketing, explanation of the XBRL benefits and support in XBRL implementation.
There are two types of Jurisdictions - provisional and established. Provisional Jurisdictions are small groups which are beginning the process of XBRL introduction. Established Jurisdictions [...]
