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.
At the request of the XBRL International Standards Board (XSB), the XII Board of Directors recently approved the promotion of two updates to the XBRL Specification to Recommended Status, with immediate effect. This action releases these enhancements to the marketplace. The updates include:
• Transformation Registry 2.0, updating certain calculations
• Formula Specification to Recommended Status, which drives validations based on XBRL instance facts and generation of derived data as output XBRL instance facts
“These are important advancements for the XBRL Standard that have undergone intensive testing, along with significant time for public comment”, said XSB Chair Conor O’Kelly. “Furthermore this reflects increased adoption and the advancing maturity of the XBRL specification. We believe that the market will respond with enhanced product development and further incorporation of XBRL into business reporting solutions”.
More information can be found at http://xbrl.org/SpecRecommendations
XBRL International (XII) is seeking three candidates to fill positions on the XII Standards Board (XSB). This is a call to all XII eligible participants who are interested in serving the organization as a voting member of the XSB. Since the release of the XBRL development roadmap, “Preserve, Promote, Participate” last fall the organization has undertaken a series of exciting new initiatives. The goal of this recruitment is to expand the resources of the XSB to deliver on this development roadmap.
The XSB is comprised of members that are both technically competent and business focused (see Section 2.3 “Spread of membership” in the XSB Charter). The current XSB charter and XSB composition can be found at: http://www.xbrl.org/StandardsBoard/
XSB candidates may be nominated by any member of XII and may include self- nominations. The Nominations Committee will conduct interviews after the close of the nominations period. Final candidate recommendations will be presented to the XII Board for approval.
The terms of these positions are annual but may be renewed for up to 5 years by mutual agreement.
Architecture - focus on XML and specifically XBRL technology including competencies and experiences in designing and developing service oriented architectures (SOA), database application design for business intelligence solutions (analytics, reporting);
Business reporting management experts - with focus on the design and/or operation of end-to-end business processes associated with performance reporting, including competencies and experiences in designing and managing information systems and defining solutions architecture.
Product management - focused on the gathering, analysis and prioritizing of requirements from business to functionality requirements. Experiences and competencies should include active team participation in technology projects or products from start to completed work or released Product.
Program management - with focus on the design of feature sets based on functional requirements. Competencies include the ability to drive key trade off decisions, to illustrate the best sequencing of features over time from a design perspective that also meet requirements, and evaluate the resource requirements for development and the delivery capacity of a distributed, matrix team.
Candidates should demonstrate a record of working knowledge of XBRL implementation with competencies in teaming, technical judgment, negotiation, and strategic planning.
Any XII Eligible Participant may be nominated as a candidate to the Standards Board. Individuals may self nominate for this position and no seconder is required. If you are nominating someone else please ensure that they are able to confirm nomination by the deadline.
Deadline for Submissions
The deadline for submitting nominations and candidate statements and for nominees to confirm they accept nomination is 2359 UTC, 9 December 2011.
There is no limit on the length of candidate statements. Please send nominations, candidate statements and confirmation of acceptance of nominations, if applicable, by PRIVATE E-MAIL to email@example.com.
(October 31,2011) -- The Member Assembly of XBRL International (XII) today elected members of three standing committees for 2011 – 2012. Individuals were named to the following committees: Nominations, Finance & Human Resources and Membership Development.
“The participation of individuals at all levels of our organisation is vital to the development and adoption of XBRL,” said Anthony Fragnito, CEO of XII. “The people named to these committees reflect the supply chain and geographic diversity that is the hallmark of XII. We thank both those who were selected and those who were nominated”.
Campbell Pryde, XBRL US, USA
Jaydeep Shah, ICAI, India
Hugh Wallis, Standard Dimensions, Canada
Ignacio Boixo, Bank of Spain, Spain
Olivier Servais, IFRS Foundation, UK
Josef Macdonald, Deloitte, UK
Jamie Shay, SWIFT, US
Makoto Koizumi, Fujitsu, Japan
Mike Willis, PWC, US
Phillip Allen, CoreFiling, UK
Finance & Human Relations Committee:
Abhijit Bandyopadhyay, Deloitt, India
Enrique Bonson, XBRL Spain & Univ. of Huelva, Spain
Noemi di Segni, CNDEC, Italy
Jean-Luc Menda, Banque de France, France
Arleen Thomas, AICPA, US
Paul Penler (Treasurer), Ernst & Young, US
Membership Development Committee
Kyle Lamb, Ernst & Young, UK
Dr. Ryan Lemand, Securities & Commodities Authority of UAE
Raghu, ICAI, India
Paul Phenix, Bakertilly, Hong Kong
Olivier Servais, IFRS, UK
Gerald Trites, CICA, Canada
Dave Van den Ende, Deloitte, Netherlands
Yoshiaki Wada, NTT Data, Japan
Michal Piechocki , BR-AG, Poland
Ana Christina Sepulveda, SVS, Chile Observer
Gilles Maguet, XBRL Europe, Europe Observer
(12 December, 2011) -- UPDATED -- The initial draft of the abstract model continues to be open for public comment. Please access the draft at: http://xbrl.org/Specification/abstractmodel-primary/PWD-2011-10-19/abstractmodel-primary-PWD-2011-10-19.html
Circulation of the Public Working Draft is unrestricted. This document is normative. Recipients are invited to submit comments to firstname.lastname@example.org, and to submit notification of any relevant patent rights of which they are aware and provide supporting documentation.
The first draft of its Abstract Model was released at the 23rd XBRL International Conference in Montreal, Canada. The abstract model has been developed by XII’s Abstract Modelling Task Force (AMTF) as a means of establishing a common framework for communicating and understanding the XBRL technology. The abstract model provides a conceptual framework for understanding XBRL and gives developers a strong foundation for implementing XBRL solutions.
“The XSB continues to deliver against the strategic plan, including increased comparability, making XBRL easier to use, reducing the barriers to XBRL software development. The public working draft is a key component of that and we encourage market feedback”, said XSB Chair Conor O’Kelly.
The XII Abstract Model includes use case diagrams, class diagrams, object diagrams, and sequence diagrams and is a key component of Preserve Promote Participate, the strategic core vision developed by the XBRL Standards Board to continue the momentum of the XBRL standard.
More information can be found at http://xbrl.org/abstract-modelling-task-force
Abstract Modelling Sponsors:
The XII Best Practices Board is conducting a short survey in order to develop criteria and prioritize the work product for the coming year. Your input into this process is vital to the continued successful development and adoption of the XBRL standard.
*NEW* XII has added a new Interactive Panel Discussion: New and Anticipated US XBRL Mandated Data Standards and Its Impact on Government & Capital Markets Reporting to the program at XBRL23. Just $195 and includes the full Thursday program as well. Free to XBRL attendees. Register here.
Thursday, 27 October 2011 – 0900
Following video remarks from House Oversight and Government Reform Committee Chairman Darrell Issa(R-CA), join in an interactive discussion featuring David Blaszkowsky from the U.S. Treasury, Kim Wallin, State Controller of Nevada and IMA board member and David Colgren, CEO of the Colcomgroup and Chair of the IMA XBRL Sub-Committee on Advocacy and Adoption of XBRL and strategic advisor to XBRL International.
The interactive panel will discuss:
The Children and Family Services Innovation and Improvement Law that was recently approved by Congress and signed into law by President Obama. Section 105 amends the Social Security Act to require the Secretary of the Department of Health and Human Services to designate common data elements and common data reporting standards to govern the reports that states must submit to the Federal government on how they spend child welfare funds that they receive from the Federal government. The provision expressly requires the Secretary of the Department of Health and Human Services to “incorporate existing nonproprietary standards, such as the eXtensible Business Reporting Language.” The panel will discuss key provisions, time schedules for implementation, additional legislative efforts to use XBRL across social service reporting and its relevance to the XBRL community.
The Digital Accountability and Transparency Act “DATA Act” (H.R. 2146/S. 1222) pending before Congress. The data standardization language in this legislation pending before Congress that mandates XBRL is very similar to the data standardization provisions of the recently enacted Children and Family Services Innovation and Improvement Law that would require the same innovation for all Federal spending data. The panel will discuss the status of this legislation, implementation options, potential benefits to various stakeholders such as city, state and federal government, policy makers and taxpayers and how it will change reporting between cities, states and federal agencies using insight from Kim Wallin and the State of Nevada. The panel will discuss basic steps XBRL members can take to help support the DATA Act approval by the US Congress.
Current and Future XBRL Implementation in the United States:
The panel is also prepared to discuss XBRL efforts being pursued - independent of legislation- in other federal agencies and departments to provide transparency and accountability as well as provide a brief overview of the status of implementation of XBRL by the US SEC.
The session is $195 and also includes all Thursday XBRL23 activities (including lunch). Full registrants to XBRL23 can attend this special session free of charge.
U.S. President Obama signed the Children and Family Services Innovation and Improvement Act, H.R. 2883, which specifically references XBRL.
The text of the new law is here: http://thomas.loc.gov/home/gpoxmlc112/h2883_rds.xml
The data standardization provision is in Section 105 which amends the Social Security Act to require the Secretary of the Department of Health and Human Services to designate common data elements and common data reporting standards to govern the reports that states must submit to the Federal government on how they spend child welfare funds that they receive from the Federal government. The provision expressly requires the Secretary of the Department of Health and Human Services to “incorporate existing nonproprietary standards, such as the eXtensible Business Reporting Language.”
XBRL International will be holding elections for the XBRL International Board of Directors (XII Board) and XII Standing Committees during the XII Member Assembly meeting held on 2011-10-25 in Montreal, Canada. These leadership roles are critical to the continued successful operation of XII and the advancement of the XBRL standard. Nominations are due by 23.59 UTC on Friday 7 October 2011.
Please download and carefully read the nominations instructions before submitting your nominations
The XII Board is currently seeking candidates for the following categories:
- Three (3) Jurisdiction Voting Representatives;
- Three (3) Organisational Direct Member representatives;
- Five (5) At-large seats, of which one is reserved for the Treasurer, eligible to any candidate (including Jurisdiction and Organizational Direct members, any XII eligible participant or any other individual)
XBRL International (XII) is seeking candidates to fill positions on the following three(3) XII Standing Committees:
- Nominations Committee
- Membership Development Committee
- Finance and Human Resources (FHR) Committee
Please download and carefully read the nominations document before submitting your nomination.
Standard Business Reporting (SBR) has been announced as the standard platform for superannuation industry transactions as part of the Stronger Super Reforms. Specifically, SBR will be used to develop the taxonomy and message structures and XBRL will be used as the standard for information exchange across the superannuation industry in Australia. These standards will be mandated across all member contribution and rollover superannuation transactions and relevant reporting to Government.
Read the full Stronger Super Information Pack.
Read the media release from the Hon Bill Shorten MP, A Better Deal for Super Fund Members.
Your Clients Begin XBRL Filings Soon - Are YOU Ready?: A full day workshop at Bryant University, September 30, as part of the 11th Annual Bryant University XBRL Conference
(September 11, 2011) Bryant University is offering CPA firms that have SEC practices the opportunity to learn about the requirements and opportunities associated with the SEC's interactive data mandate and its impact on their clients. This full day workshop, held in conjunction with the 11th Annual XBRL Conference at Bryant University, is designed to help CPAs understand what they must do, what they can do, and what their clients expect of them.
Bryant University has been at the forefront of XBRL Education from the first days of XBRL, leading the way through its annual conference, outreach to other academics and students and especially founding and continuously administrating the annual XBRL academic competition, providing the XBRLEducation.com web site, and producing journal and articles.
Bryant will be bringing together leading speakers and thought leaders in the XBRL community to discuss XBRL, and will be hosting a special one day track (as part of the two day conference) focused on CPAs in practice. CPAs from the local and surrounding area are invited to Bryant's ' attractive training facilities for cost-effective practical and hands-on learning about XBRL and the SEC mandate.
The workshop on September 30 is in two distinct sessions.
The morning session, for all relevant practitioners, will provide the background on the SEC mandate, its impact on CPA firms and their clients, and the opportunities Year 3 of the SEC mandate brings. The afternoon session, for those ready to gain a more technical background, will be a hands-on session to learn the software and technology of the XBRL filings for the SEC mandate. Bryant's training laboratories have everything you will need to walk away with a strong grasp of the preparation and review tasks necessary for quality XBRL filings.
For more information on the Bryant University 11th XBRL Conference and the special workshop, please visit www.XBRLEDUCATION.com and http://www.xbrleducation.com/conferences/11th%20Tentative%20Program.pdf
About Bryant University:
Throughout our nearly 150 year history, Bryant has been building the knowledge and character of our students to help them achieve success. We are a student-centered university, focused on providing rigorous academic programs that integrate business and liberal arts to develop the skills and critical thinking that are essential to every profession.
The College of Arts and Sciences' array of academic programs combines a deep understanding of theory with practical skills and marketable experience so students can make a meaningful impact immediately upon graduation.
The College of Business offers business specialties with the depth and breadth of a large business school paired with the individual attention found on small college campuses.
The Graduate School of Business offers advanced degrees in business administration, taxation, and accounting that provide students with practical experience, a deep knowledge base, and a cadre of contacts to help them advance in their chosen careers.