XII Press Release

Use this to indicate this news item is a press release from XII.

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.

XII Seeks Technical Director

XII is seeking a permanent Technical Director to provide both strategic and operational support to the Technical Boards and Working Groups of XII and to advise the CEO and Board of Directors.

The Technical Director leads the technical work of the consortium, working largely with volunteer Working Groups and appointed members of the Standards and Best Practices Boards.

Candidates must be able to demonstrate:

  • Strong technical abilities, demonstrated both academically and throughout his/her career.
  • A clear understanding of the role of standards in IT solutions, and of standards development process.
  • The patience needed to see a complex body of work through to completion.
  • The tenacity and intelligence to make a significant contribution to the XBRL Standard.
  • The ability to think and act honestly and fairly in dealing with a wide range of fellow contributors, specifically an ability to openly consider alternative technical approaches so that the best decision can be arrived at.
  • Knowledge of other cultures and an ability and interest in working effectively with a wide range of people.

Candidates must also possess:

  • An ability to write very precise, clear and understandable technical prose.
  • Strong knowledge of the W3C’s internet data standards, specifically the XML stack.
  • An ability to encourage consensus through technical excellence, clear communication, and knowledge of the technical drivers to specific solutions.
  • A deep understanding of XBRL, both in theory, in practice and in software implementation(s).
  • Strong experience in requirements traceability and/or test driven development. An ability to independently develop test cases and conformance suite components.
  • An ability to rapidly and independently prototype aspects of a standard, and experiment with different options, in a programming language of the candidates choice.
  • An understanding of the XBRL technical governance and process mechanisms and an interest in and desire to drive standards to completion.
  • A proven ability to use XBRL, in the sense of constructing taxonomies, extension taxonomies, dimensional extensions, formula, table linkbases, instance documents, iXBRL documents and versioning reports.
  • Capacity to excel in the technical administration of Working Groups including taking minutes, managing issues registers and bug tracking, and helping the Chair manage and follow up on Action Items taken in meetings.
  • An ability to deal 1:1 with members of Working Groups, other members of the consortium and outside experts in order to actively elicit contributions, review and sample implementations.
  • At least a basic understanding of accounting and business reporting.
  • Good written and spoken competence in English, which is the working language of the XBRL consortium. Very strong English writing skills are sought after in this role.
  • A willingness and ability to travel internationally.

A competitive compensation package will be offered to the successful candidate. By negotiation, this position can be permanent part time (~30 hours per week). Interested parties should forward a current CV to ceo@xbrl.org not later than 11:59 UTC 11 April 2014.

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

XBRL International Conference: Better Data for Better Decisions

(January 30, 2014) Washington DC - XBRL International, the global standards organization dedicated to improving business reporting, today announced that its 2014 conference, Better Data for Better Decisions, will be held in Orlando, Florida on June 9-11, 2014.  The conference is hosted by XBRL US, the US consortium for business information reporting, which is a jurisdiction of XBRL International. 

Regulators, accountants and financial market stakeholders are invited to attend this 3-day event focusing on the impact of structured data in the public and private sectors.  Significant global initiatives such as Standardized Business Reporting (SBR), and government performance reporting as envisioned in the proposed U.S. DATA Act legislation, will be presented.

The program will also emphasize efficiency gains and risk reduction in corporate actions processing and bank regulatory reporting, important areas where XBRL is enhancing the reporting process.

SBR programs – government-led initiatives designed to reduce regulatory burdens by allowing for simplified reporting through agreed definitions – are currently in place in the Netherlands and Australia, and in the planning stages in several other countries.  In the U.S., the DATA Act is a significant piece of legislation proposing the use of structured data for all government performance reporting.   Discussion of these programs will present both the business and technical perspective through implementation case studies covering results, lessons learned and future plans.

“Government data collection and regulatory reporting in the U.S. is extremely fragmented which is needlessly driving up costs and reducing the effectiveness of government.  Structured data reporting can significantly improve government programs, reduce costs and increase the effectiveness of regulatory mandates,” said Philip Moyer, SVP and Managing Director, Technology, at Safeguard Scientifics, who is also Chair of the XBRL International Conference Advisory Committee, “This program will be an extremely valuable forum for regulators, contractors, and policy makers to collaborate on the many lessons that have been learned from active government reporting initiatives.”

The program will feature panel sessions and case studies in one track, with hands-on technical sessions in a separate track. 

“Conference attendees will walk away with critical information on successful implementations around the world, coupled with technical skills that can be put to immediate use,” said John Turner, CEO, XBRL International.  “This is the first international XBRL conference being held in the US since the implementation of XBRL for SEC reporting.  Now is a key time to examine how the improvements structured data is bringing to business reporting across the globe, can be applied to government performance reporting, corporate actions and banking in the US and abroad.”

Who should attend? Regulators and other policy makers, IT professionals and technologists, government contractors, securities processors, investment data analysts and data aggregators will benefit.   Learn more and register at http://conference.xbrl.org . Media representatives should contact media-info@xbrl.org for complimentary media passes.

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.

Case Study - Performance Testing for Large XBRL Instance Processing

Using the Bank of Indonesia as a case study, the XII Best Practices Board has published a guidance document on the proof of concept methodology to measure the performance of an XBRL processing engine when handling large instances. Read the case study.

Recommendation of Version 1.1 of the Specification for Inline XBRL Published

The XBRL Standards Board and the Rendering Working Group are pleased to announce the publication of the Recommendation of Version 1.1 of the Specification for Inline XBRL.  Company filings using the existing version of the Specification for Inline XBRL have been successfully mandated in a number of countries and currently account for the production of over 3 million documents each year.

The Specification documents and conformance suite can be found at the links below or on the XII website at:  http://xbrl.org/SpecRecommendations

Part 0:  Primer 1.1
Part 1:  Specification 1.1
Part 2:  Schema 1.1
Conformance Suite

The new features in this version of the specification will simplify tagging for existing users and provide further mechanisms to support requirements in new markets.  With the exception of the features listed below, the specification remains unchanged semantically from version 1.0.

The new features are:

1. the addition of an extension mechanism, ix:continuation, for splitting text content within a document;

2. the addition of the ability to nest ix:nonFraction and ix:fraction elements; and

3. the addition of support for fact-explanatoryFact links, by replacing the existing mechanism for structuring footnotes with a one based on a new element, ix:relationship.

As a simplifying measure, the Rendering Working Group recommends that authorities mandating the use of Inline XBRL require the use of version 1.1 in place of version 1.0.

Variables 1.0 Specification Approved to Recommendation

The XBRL Standards Board and the Formula Working Group are pleased to announce the approval of the Variables 1.0 specification to Recommendation.  Based upon feedback from the community, the previous version was edited to provide clarity to the specification.  There is no intended change in meaning to the previous version of the specification and the schema remains unchanged. 

The Specification can be found directly at the link below or on the XII website at:  http://xbrl.org/SpecRecommendations

Variables 1.0

The clarification changes in this version are listed below for the benefit of the authors and implementers:

1. 4.2. Added missing error code to be raised when @fallbackValue references fact or general variables: xbrlve:fallbackValueVariableReferenceNotAllowed
No change in meaning - the spec already expressed this requirement.

2. 3.2 Added new error code xbrlve:parameterCyclicDependencies to be raised when there are circular references between parameters. 
New validation rule, though for practical reasons all implementations must have enforced this validation previously.

3. 3.2, 3.5.1 The @name of a parameter element may now be used as a global name to reference that parameter in expressions. The parameter may still be referenced by a QName specified on the relationship of the parameter to a resource that makes use of it. In case of clashes, QNames defined on the relationships take precedence over QNames defined on parameter elements. Accordingly this is a backwards compatible change for formula authors.

4. 3.4.1 - Clarification notes on how filter specifications may be defined and implemented. Key points:

  • Filter specifications may be written in terms of implied XPath expressions and require equivalent XPath errors to be reported, however they are actually implemented.
  • It is left to implementations to determine the order in which filters are applied. Formula authors writing expressions in filters must do so defensively so that they can handle any input - they may not rely upon other filters having been applied previously. 
  • Implementations of filters should reject facts that do not have the aspects that they are covering.

Units Registry – Structure 1.0 Specification Published to Recommendation

The XBRL Standards Board and the Units Registry Task Force are pleased to announce the publication of the Units Registry – Structure 1.0 specification to Recommendation.  This specification describes the structure of the XBRL International Units Registry. The Units Registry is an online listing of units that have been identified as potentially having wide utility. The Registry contains structured information about their purpose, usage and any intended impact on XBRL instance validation.

The Specification can be found directly at the link below or on the XII website at:  http://xbrl.org/SpecRecommendations

Units Registry – Structure 1.0

Further information about the Units Registry, including the registry itself, can be found on the XII website at:  http://xbrl.org/units-registry

XBRL International Approves Jurisdiction in Turkey

(20 November, Ankara) – XBRL International (XII) today announced that XBRL Turkey, a joint venture of key public and private organizations that will spearhead the implementation of XBRL for digital business reporting in the country, has been granted Jurisdiction status. The establishment of a Jurisdiction in Turkey represents the first step in an ambitious effort to utilize XBRL in Turkey for a wide range of corporate and regulatory reporting.

“XII is pleased to welcome XBRL Turkey as a member of the community of financial, business and technology leaders that are setting the standard for the transparent, efficient sharing of business information and data. Better data leads to better decisions, and we applaud the efforts of our new colleagues in this important and fast growing country,” said John Turner, CEO of XBRL International.

“We are very excited to have been able to gather together all the central organizations involved in business reporting to our consortium. Joint work to initiate XBRL reporting in Turkey has already started and the work is progressing at a good pace,” stated Mr. Seyit Ahmet Bas, Chairman, Public Oversight Accounting and Auditing Standards Authority and XBRL Turkey Jurisdiction Facilitator and Project Manager.

In Turkey, the XBRL-GL taxonomy is the legal format for electronic bookkeeping. In addition to electronic bookkeeping, the Ministry of Finance Tax Inspection Board is seeking to establish a continuous monitoring and auditing system and to create a paperless auditing environment for large scale taxpayers in Turkey. The Ministry also wants to create an instance document analyser to automate various auditing processes.

The Capital Markets Board (CMB) and Borsa Istanbul A.S. (Borsa Istanbul) aim to make XBRL reporting obligatory for the over 550 companies that currently use the Public Disclosure Platform for regulatory filings. Work has begun on an XBRL-TR-IFRS taxonomy, based on Borsa Istanbul and CMB translations.
Due to strong support for XBRL from multiple regulators in Turkey, XBRL Turkey will also initiate a Standard Business Reporting project, with taxonomy development to begin in January of 2014.

About XBRL International
XBRL International is a not-for-profit consortium of approximately 600 companies and agencies worldwide working together to build the XBRL language and promote and support its adoption. This collaborative effort began in 1998 and has produced a variety of specifications and taxonomies to support the goal of providing a standard, XML-based language for digitizing business information.

About XBRL Turkey
XBRL Turkey is currently comprised of key stakeholders from the regulatory, academic and business communities, including the Ministry of Finance, the Central Bank of Turkey, the Capital Markets Board, Borsa Istanbul A.S., Malatya İnönü University, Ankara University, the Banking Regulation and Supervision Agency, the Scientific and Technological Research Council of Turkey, Turkish Statistical Institute and PWC. Project oversight is with the Public Oversight Accounting and Auditing Standards Authority, which is working with the stakeholders to outline an XBRL roadmap for Standard Business Reporting.

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