XBRL International (XII) is a standards organization currently funded by a membership model, with revenue coming from the jurisdictions and conferences. This was a fine model when the XBRL standard was young and large accounting firms and the AICPA saw the benefits from being generous with their support. Conferences were seen as a moneymaker for XBRL International, and funding was adequate to support a startup standard. XII goals were clearly definable, and “easy” to achieve, which also limited costs.
Since then the model has grown old and revenue growth has been constrained, and with each passing conference, there are quiet conversations about “how do we change the model, because this one isn’t working”.
I offer some background and a number of recommendations.
The 20th XBRL International Conference “XBRL: Linking Businesses, Public Regulators & Citizens” is produced by XBRL International, Inc. and is hosted by XBRL Italy in cooperation with XBRL Europe.
XBRL International Inc. (XII) announced that Mike Willis, Partner, PricewaterhouseCoopers LLP, has been re-elected as Chairman of the International Steering Committee (ISC) for 2010.
The current global crisis spotlights the need for greater transparency in both corporate and government financial reporting supply chains along with accurate and timely linked data. W3C and XBRL International invite you to attend a workshop to facilitate a discussion about improving access to financial data on the Web.
XBRL International, Inc. (XII) (www.xbrl.org) announced that Italy, Luxembourg and South Africa have been elevated to full jurisdictions with voting rights in the XBRL International Steering Committee.
XBRL International Announces Board of Directors. Includes Experts in Business Reporting, Accounting, Regulatory Reporting and Standard Setting.
The International Accounting Standards Committee (IASC) Foundation today announced the release of the near final version of the IFRS Taxonomy 2009 for public comment.
XBRL International, Inc. (XII), a global business reporting consortium that develops and maintains the XBRL reporting standard and framework, announced today that it supports the US SEC mandate for public companies submitting their financial statements in XBRL and mutual fund reporting.
XBRL International Inc. (XII) is soliciting proposals for the development of an XSLT 1.0 style sheet to extract a valid XBRL 2.1 instance document from a well-formed HTML document with valid embedded Inline XBRL content. This implementation is intended to be an example of a conformant implementation and will be made available as an open [...]
XBRL International has produced a number of case studies to describe how important organisations have made use of XBRL. These studies explain the background to each XBRL project, the reasons for adopting XBRL, the main steps involved, key results, lessons learned and next steps. They should be of interest to all those concerned with the practical [...]