Friday, November 25, 2005

The European committee of Central Balance Sheet Data Offices (ECCBSO) has developed a commen digital reporting format based on the IFRS standard using XBRL. The website to showcase this development is at the following site: www.xbrl-ifrs.org

Wednesday, November 23, 2005

The Ninth Continuous Auditing and Reporting Symposium took place on May 13 and 14th in Malta. Attended by numerous thought leaders from around the world, part of the conference was devoted to current issues on XBRL and the relationship between XBRL and continuous auditing. The conference papers and presentations can be found at the following link: http://raw.rutgers.edu/continuousauditing/2005Maltaconference.htm

Friday, November 18, 2005

Earlier this week (November 14 - 16) XBRL Ireland held a seminar dealing with the use of XBRL for regulators and in the banking industry. the presentations are now available for download at the following link::: XBRL Ireland ::

Wednesday, November 16, 2005

The Spanish Stock Exchange is currently receiving XBRL reports from 3000 companies. In addition, the Bank of Spain is receiving XBRL data from most of the banks in Spain. It's a good illustration of the progress being made in Europe with XBRL. A white paper from Spain can be downloaded from the following link:
http://www.xbrl.org/es/technical/XBRLSpain-White_Paper-Sept2005.pdf

Friday, November 11, 2005

XBRL in Europe held the 1st European XBRL Conference for Financial Services in June in London. there were several presentations by leading members of the European financial services community, pointing to the way in which XBRL is being used to bring the reporting systems of the EU together. The presentations and papers from that conference can be found at this link:XBRL London Conference

Thursday, November 10, 2005

The FFIEC has a website that sets out details of the new Call Report Program using XBRL that has been implemented for the FDIC and the other Call Report Agencies in the US. The site is at: Financial Institution Data

Wednesday, November 09, 2005

Chairman Cox of the SEC gave a speech at the 12th International XBRL Conference in Japan which is explains the support of the SEC for XBRL and provides some insight into the direction it might take. The speech is reproduced on this link: Speech by SEC Chairman: Remarks at the 12th XBRL International Conference: November 7, 2005 (Chairman Christopher Cox)

Monday, November 07, 2005

The 12th XBRL International Conference starts today in Tokyo and lasts until Thursday. The program features the considerable work going on in Asia, Europe and the US in implementing XBRL. In an Asian context, there is of course a great deal of work going on in Japan, in addition to Korea, Singapore and China. Key presentations on the XBRL implementation programs of the Tokyo Stock Exchange and the Bank of Japan are among those that will provide important information. In Europe, there has been considerable activity, particularly in the financial services sctor, to use XBRL to develop a common standard for the 25 countries of the EU to be able to file with their regulators on a consistent basis, while at the same time report in accordance with International Financial Reporting Standards (IFRS). Olivier Servais, Permanent Secretary of XBRL Europe will be outlining this and other activities in the EU. In addition, there will be presentations from the Bank of Spain and others on their experience so far. finally, there will be presentations from several important players in the US, including a new version of product being unveiled by Rivet Software, provider of the very popular XBRL tool "Dragon Tag" The presentations are always made available on the XBRL site. In the meantime, the program can be viewed at: http://www.xbrl.org/Tokyo

Friday, November 04, 2005

The Continuous Auditing Conference starting today at Rutgers University has an interesting session on XBRL, with several experts conducting the session. It is under the heading XBRL, CONTINUOUS AUDITING, RESEARCH IN PROGRESS:

Chair: Marilyn Prosch, Arizona State University
• Enterprise Business Reporting in the Post Sarbanes-Oxley Era: A Data-Centric
Approach, Neal Hannon, XBRL Editor, Strategic Finance Magazine, and Professor,
University of Hartford
• I-Matrix: Its Relevance to Continuous Reporting, Liv Watson, EDGAR Online
• Taxonomy Building and Instance Document Creation:The European Case, Ana
Cristina da Costa e Silva, Universidade do Porto

Likely the papers and presentations will be made available. There's a link at 10th Continuous Auditing Symposium

Tuesday, November 01, 2005

The SEC Voluntary XBRL Filing Program faces some hurdles, particularly from companies wondering how it can help them, but at the same time offers opportunities for companies willing to take the leap. This coming year should be the break point.After Sarbanes-Oxley, XBRL?