Tuesday, May 30, 2006

It’s well known that regulators are driving the adoption of XBRL around the world. Here’s one take on the reasons why:
-Generate cleaner data, including written explanations and supporting notes,
-Produce more accurate data, with fewer errors that require follow-up by regulators,
-Transmit data faster to regulators and meet deadlines,
-Increase the number of cases and amount of information that staffers can handle,
-Make information available faster to regulators and the public,
-Address issues and concerns in their filings rather than after the fact.
InformationWeek Financial Reporting Feds Lead The XBRL Charge May 29, 2006

Wednesday, May 24, 2006

The winners of the 6th International Global XBRL Academic Competition hail from Emporia State University in Kansas. Their winning project involved using XBRL to conduct continuous assurance of XBRL data. Emporia State University - News and Events Archive

Monday, May 22, 2006

Semansys introduced a new taxonomy viewer at the International XBRL Conference in Madrid that is useful for examining taxonomies and for training purposes. It is downloadable free from the following link: .: About the Composer :. Semansys Technologies

Wednesday, May 17, 2006

UBMatrix has announced at the International XBRL Conference in Madrid the forthcoming release of a new product, xBReeze, to assist with taxonomy development. The new product will be offered online on a complimentary basis to development teams and is based on open source development. There is an urgent need for more and better tools for XBRL implementation. A number of them to date require too much manual effort to use. They are, however, progressively getting better. CNW Group

Tuesday, May 16, 2006

On June 16th, Xtalks will host a Web Conference on the use of XBRL to automate SEC filings. The conference will feature a conversation with Corey Booth, CIO of the SEC. Automated Processing of Business Information Using XBRL Tags Web Conference: "Automated Processing of Business Information Using XBRL Tags Web Conference"

Monday, May 15, 2006

A research project underway at the University of Cologne involves an experiment in using XBRL for the reporting of fair value information under IFRS. Ultimately. there will be a questionnaire for readers to provide feedback. The study is interesting because it shows how XBRL can be used in an innovative way to generate relaible and standardized information. XBRL-Studie Test-Company

Wednesday, May 10, 2006

XBRL is feared by some, as a potential core of increased federal governmental regulation, however, the real fact is that is is likely to offer filers of information a lot more flexibility than standardization. Intelligent Enterprise Magazine: No Need to Fear XBRL

Tuesday, May 02, 2006

The International Accounting Standards Board has a site linked here that sets out some relevant recent news about XBRL. The current entries, for example, include a current issue regarding the presentation linkbase in the context of IFRS and the announcement of a new XBRL Jurisdiction - the United Arab Emirates. IASC Foundation XBRL - Home