On 19 February, the IASC Foundation published for public comment an exposure draft of the IFRS Taxonomy 2010. The proposed taxonomy is consistent with IFRSs and the IFRS for Small and Medium-sized Entities (SMEs).

As one of the XBRL for Dummies editors I feel justified in saying that it is the best thing that’s happened in financial reporting for a long time.

The objectives of the study are: (1) to provide an overview of the benefits and global development of XBRL and (2) to evaluate the extent of XBRL adoption following the implementation of the voluntary filing program.

The Technology Evaluation Centers Blog explore “Why are governments moving to International Financial Reporting System (IFRS) and extensible business reporting language (XBRL)?”