As the New XBRL-US strives to become an independent organization, concerns are raised about who will drive the development of the new taxonomies that the SEC agreed to fund. XBRL-US got the money, but may be looking to a new long-term arrangement with the AICPA. Will the AICPA Take Over XBRL Standards? - Technology - CFO.com

The Investment Dealers Association has a demo of their proposed standardized reporting system on the web. The system makes use of XBRL and is at the following site: Task Force to Modernize Securities Legislation in Canada

Although XBRL is gaining traction around the world, especially with regulators, it is still not well known among companies, by CEO's and CFO's. As the requirements for the use of XBRL escalate, it will create a crisis among companies to get up to speed. This is especially true in Canada, where XBRL usage and knowledge is lagging far behind the rest of the world. This UK article provides some more insight.XBRL: let's talk about x - IT Week

Here's a link to an article in CA Magazine about the 2004 CICA Research Study that recommended XBRL for use in electronic filing systems. A recommendation that is even more timely now than it was then. Technology

The 2006-07 XBRL Academic Competition is soon to be underway. The Intent to Submit Form is due November 15, 2006, and final project is due March 15, 2007. The forms can be downloaded from WWW.XBRLeducation.com. There is also an information session Webinar on Tuesday October 24, 2006 9:00AM -10:00 AM for students and faculty to learn more about the competition.
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The Investment Dealers Association of Canada has recommended a new regulatory reporting system which would be totally electronic, using XBRL and based on a "access equals delivery" model. The full report is online at: Task Force to Modernize Securities Legislation in Canada

The webcast for the second SEC roundtable on Interactive Data held on October 3rd is now available as an archive on the SEC website at: SEC Roundtable Webcasts

Chairman Cox announced at the second SEC roundtable on Interactive Data that the SEC will consider mandating XBRL sooner rather than later. The Good and Bad About XBRL's Future - - CFO.com

As Canada is moving to IFRS over the next several years, Paul Roy of the CICA has started a blog on Migrating to IFRS. The migration will create challenges for XBRL Canada, as the taxonomies will need to follow the migration path. His blog sometimes mentions XBRL issues, such as the posting summarized below Migrating to IFRS: "It is noteworthy that 17 out of the 20 XBRL Jurisdictions in the world are IFRS-based (85%). They are Australia, Germany, IASB/IASC Foundation, Ireland, Korea, Netherlands, New Zealand, Spain, United Kingdom, XBRL Europe, Belgium, Denmark, France, Poland, South Africa, Sweden and United Arab Emirates. Other XBRL Jurisdictions are Japan, Canada and the United States. Of these, Canada and the US are in the process of converging their GAAP with IFRS. To see how IFRS and XBRL work together, see the IASB Education Series. Also, Ernst & Young has prepared an IFRS Convergence demo that provides a walkthrough of how XBRL facilitates IFRS reporting."

The upcoming International XBRL Conference on Dec 4 - 6 in Philadelphia promises to be a great conference. The details of the program are now available at the following link: Program Details | XBRL International Conferences

This interesting article from XBRL highlights the benefits of tagging financial statements using XBRL and how small businesses could get attention from venturers, analysts, etc.

Read the article: XBRL Will Keep Investors Wanting More

A seminar was held on Sept 29th at Brock University on Reporting on the Internet, sponsored by SAP and held under the auspices of the CAAA. Many of the presentations dealt with XBRL and are available at the following link. CAAA - presentations