XBRL News

XBRL News

This is a listing of XBRL news from around the world. If you have news that you would like to share, please send it to us.

Brazilian National Treasure Seeks Consultants

The Brazilian National Treasury is in the process of selecting consultants to assist in two critical points of the ongoing Siconfi Project:

1.       Construction of the first phase of Accounting Balances Matrix, according to the XBRL GL taxonomy; and
2.       Review of the XBRL FR taxonomy developed to date.

Given the urgency, interested parties should send curriculum vitae and additional information to ucp.codin.df.stn@fazenda.gov.br by 22 September 2014, as described in Section 12 of the Terms of Reference for the two selections, which are published at the links below:

http://jobs.undp.org/cj_view_job.cfm?cur_job_id=49836

http://jobs.undp.org/cj_view_job.cfm?cur_job_id=49835

For further clarifications, those interested can email to ucp.codin.df.stn@fazenda.gov.br.

XBRL Global Ledger Taxonomy and Framework Released as PWD

The latest version of the XBRL Global Ledger taxonomy and framework has been released as a Public Working Draft. This version builds on the "XBRL Global Ledger Framework - with Japanese Labels Proposed Recommendation" dated 2010-04-12 and on the "XBRL Global Ledger Framework - SRCD Module Public Working Draft" dated 2009-05-12", and fixes a number of issues and includes additional concepts based on the feedback received by the XBRL GL Working Group.

The PWD can be downloaded from http://specifications.xbrl.org/work-product-index-xbrl-gl-xbrl-gl-2014.html.
Comments are invited and should be sent to gl@xbrl.org.

2014 Awards for Project Excellence and Volunteer Leadership

The following organisations and individuals were recognized at the 2014 XBRL International Conference in Orlando for their contributions to the success of the XBRL Standard and XBRL International:

XBRL International Award for Project Excellence

XBRL International is pleased to recognize the following projects for innovative use of XBRL to enhance business reporting


Achievement in Securities Data Modernization
Emirates Securities and Commodities Authority

Advancement in Securities Regulation
Japan Financial Services Agency “EDINET”

Innovation in XBRL Reporting and Analysis
Ministry of Finance of the People's Republic of China

Innovation in XBRL and Open Data
UK Companies House

Advancement of XBRL Standards
European Banking Authority

 

XBRL International Volunteer Leadership Awards

XBRL International is pleased to honour the following individuals for their contributions to the success of the consortium and the advancement of the XBRL Standard


Leadership in the Development of the Table Linkbase Specification
Jon Siddle

Leadership in the Advancement of the XBRL Standard while serving as Chair of the XBRL Standards Board
Conor O’Kelly

Exceptional Contributions and Leadership in XBRL Specification Development
Herm Fischer

Dedicated Work in the Advancement of the XBRL Standard as a Member of the XBRL Standards Board
Olive Browne

Dedicated Work in the Advancement of the XBRL Standard as a Member of the XBRL Standards Board
Maciej Piechocki

Expansion of Public Knowledge and Awareness of XBRL as Chairman of the XBRL Best Practices Board
Makoto Koizumi

Outstanding Service in the Development of XBRL Best Practices
Michele Romanelli

Outstanding Support of XII’s Mission while serving as a Member of the XBRL Board of Directors
Karla McKenna

Outstanding Support of XII’s Mission while serving as a Member of the XBRL Board of Directors
Alfred Berkley

XBRL International Calls for Global Working Group to Define Standards for Corporate Actions Reporting

Goal to Reduce Costs and Enable Straight Through Processing On A Global Scale

The XBRL International Standards Board (XSB) has issued a call to financial regulators and listed company filers to form a global “Corporate Actions Working Group” to define XBRL taxonomies for standardizing the transmission and consumption of corporate actions events allowing straight through processing through the world’s financial systems.

Information about the working group is available at. Individuals with the following interests and expertise are strongly encouraged to visit http://xbrl.org/ca-wg and express their interest in participating by filling out the available online form. 

  • Corporate Actions Product Management
  • Corporate Actions Business Analysis
  • Corporate Actions Technology
  • Corporate Actions Operations production and consumption
  • XBRL and ISO 20022 standards
  • Data intermediaries
  • Investors/consumers of corporate actions messages

This project will build on the work initiated by the Depository Trust & Clearing Corporation (DTCC), SWIFT and XBRL US in 2009 that resulted in development of a draft taxonomy and business plan.

The mission of the XBRL Corporate Actions Working Group will be to define a global standard for corporate actions documents that can be tagged at origination by the issuer or the issuers agent and allow straight through processing of this information to the security holder, tightly integrated with relevant ISO20022 messages.

“The standardized reporting of corporate actions data will eliminate many of the costs associated with manual entry, reconciliation and operational errors that plague institutions that must use corporate actions data, ”  said  John Turner, CEO of XBRL International.Development in a newly formed working group would build upon the American  Depositary Receipt (ADR) pilot project conducted in the United States that standardizes the communication of corporate action information originating from Depositary receipt issuers such as BNY Mellon, Citi, JP Morgan, and redistributors such as GlobeTax.

Corporate actions are events that impact shareholders or debt holders of a company, such as stock splits, reverse splits, dividends, stock dividends, share buy backs, mergers, exchanges, name changes, etc. The distribution of such information has traditionally occurred via a press release issued by the company or a filing submitted to securities regulators, made available to processors and investors in a format that is not computer-readable. Transforming these messages into XBRL-format eliminates the need to rekey the data, thereby improving timeliness, accuracy and functionality of the information.

Over the last two years the XBRL community has worked on prototype taxonomies to standardize corporate action events modeled on US requirements. The Corporate Actions Working Group would be formed as an XBRL International Working Group to develop a truly global taxonomy that integrates with other international standards such as ISO 20022.

Transformation Rules Registry Version 3 Released as Candidate Recommendation

Improved Internationalisation for Inline XBRL

Version 3 of the Transformation Rules Registry (TRR) has been released as a Candidate Recommendation, bringing improved support for international dates and currencies to Inline XBRL.  The registry defines how strings that appear in Inline XBRL documents are converted to the formats required by the tags in an XBRL document.  This release adds support for Danish and Indian date formats, Indian numeric formats, and formats for increased flexibility in the representation of dates of Inline XBRL documents.

This new release of the registry is in response to requirements from around the globe and reflects the growing international adoption of Inline XBRL. Feedback on implementations are requested and may be sent to rendering-feedback@xbrl.org.

"Candidate Recommendation" is an indication that the specification now meets all identified requirements, and is ready for implementation in software.

TAGTF Releases First Public Draft of Taxonomy Guidance

The Taxonomy Architecture Guidance Task Force is seeking public comment on a new resource for the XBRL community – The XBRL Taxonomy Guidance Document. The document gives analysis and guidance on select taxonomy aspects that were chosen to cover a cross section of the challenges that taxonomy architects face, including the architectural choices for filing programs, data modelling and the application of taxonomy architecture features. Comment must be received by 5 June 2014.

http://www.xbrl.org/taxonomy-architecture-guidance

XII Appoints New Members to the XBRL Standards Board

(30 April 2014) – The XII Board of Directors has named five new individuals to the XBRL Standards Board (XSB). The XSB is charged with the oversight of the XBRL Standards making process and is drawn from leading members of the technical community. The Standards Board has significant independence in its actions, and creates and sets the direction of technical Working Groups comprised of experts in specific fields and that develops or maintains individual XBRL specifications. Learn more about XBRL Specifications at http://specifications.xbrl.org

The new members of the XSB are:

  • David Bell, EMEA Technology Director, RRDonnelly
  • Philip Engel, Data Architect & Technologist, XBRL US
  • Masatomo Goto, Manager, Fujitsu Labs EU
  • Haiko Philip, Manager, Bearing Point
  • Susan Yount, Director of Reporting Standards, WebFilings

“These new members bring a dynamic and valuable knowledge set to the XSB that will be put to very good use as we move to enhance and improve XBRL,” said John Turner, XII CEO. “We are grateful to the new members and all the individuals who sought positions on the XSB and look forward to their ongoing contributions”.

Newly appointed members will serve an initial one year term with effect from 6th May 2014.

Table Linkbase Spec Published as a Recommendation

The XBRL Standards Board and the Rendering Working Group are pleased to announce the publication of the Table Linkbase specification as a Recommendation.

The Table Linkbase specification represents an important and powerful addition to the XBRL specification stack, enabling template-style presentation and data collection of complex, highly dimensional data modelled in XBRL.
Recommendation is the final status of the XBRL International standards process, and indicates that the specification is stable, and is considered suitable for broad adoption and implementation

.
The Table Linkbase specification, and supporting conformance suite can be found on the XBRL Specification Site.

Call for Implementations - Extensible Enumerations 1.0

The XBRL Standards Board (XSB) is pleased to announce that, at the request of the Base Spec Working Group, the Extensible Enumerations 1.0 specification has been approved as a Candidate Recommendation (CR).

A Call for Implementations is being issued at this time with the minimum response period ending on February 28th.

The Extensible Enumerations specification allows taxonomy authors to define enumerated lists in a manner that allows the list to be added to by extension taxonomies, and which allows labels for the enumeration items to be provided in multiple languages.

The Extensible Enumerations specification uses domain member networks, previously used for dimensions, to constrain the allowed values for primary reporting concepts.

The Specification as well as the conformance suite can be found on the xbrl.org website at http://xbrl.org/SpecCRs or at the following location directly:

Specification:  http://xbrl.org/Specification/ext-enumeration/CR-2013-12-18/ext-enumeration-CR-2013-12-18.html

Implementations and feedback are requested and should be sent to specification-feedback@xbrl.org

Public Working Draft of the Taxonomy Packages Specification Announced

The XBRL Standards Board and the Base Specification Working Group are pleased to announce the first Public Working Draft of the Taxonomy Packages specification.

Taxonomy Packages allow taxonomy publishers to include descriptive information within their taxonomies in a standardised format.  This information can be used by software to provide a simplified user interface when opening the taxonomy, and also to hide much of the complexity often associated with configuring software to use a downloaded taxonomy.

Prior to this specification, users had to consult accompanying documentation in order to identify the correct files to open within the taxonomy.  Using the Taxonomy Packages specification allows software to present a list of “entry points” with human-readable labels and descriptions.

Taxonomy Packages have been prototyped within the XBRL member community over the last two years, including successful adoption by a number of projects such as Corporate Actions.  This prototype has now been contributed to XBRL International, and has been used as the starting point for an XII standards track.

The Base Specification Working Group is actively seeking feedback on all aspects of this specification, but has specifically requested comment on the approach taken to the handling of URL remappings.
The XSB anticipates that additional requirements gathering in this area will identify further desirable features and encourages members of the community working on XBRL projects to contribute their business needs.

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