IASC Foundation publishes IFRS Taxonomy 2008

The IASC Foundation has published its 2008 IFRS taxonomy and has made it and supporting documents available on the web. This will be the taxonomy used by companies converging to IFRS as it reflects the standards contained in the 2008 IFRS Bound Volume. IASC Foundation publishes IFRS Taxonomy 2008

Taxonomy Guides

There is an interesting taxonomy viewer, with graphical interfaces, at the following linked site. The site includes taxonomies for Canada, the US, IFRS and many other countries. It makes a good vehicle for comparisons. Taxonomy Guides

Around the World in Data Tag - Technology - CFO.com

XBRL is getting some positive feedback from users. Around the World in Data Tag - Technology - CFO.com

TheCorporateCounsel.net Blog: Parsing the SEC's XBRL Proposing Release: Two Liability Standards and More

Here are some legal ruminations on the new SEC rule making XBRL mandatory, along with a few related matters. TheCorporateCounsel.net Blog: <b>Parsing the SEC's XBRL Proposing Release: Two Liability Standards and More</b>

Mandatory Use of XBRL May Bring Benefits to BI Reporting: TDWI

XBRL is becoming mandatory for companies filing with the SEC, prompting a new wave of interest in this technology. Many companies that have implemented XBRL so far for regulatory purposes have adopted it at the end point of the reporting supply chain, meaning they export their financial statements into spreadsheets and tag them there. This of course means that XBRL adoption becomes an add-on business process, with a single use objective. However, a research study published by the CICA in 2007 - Interactive Data: Incorporating XBRL into Accounting Information Systems - (available through www.cica.ca) argued for a deeper implementation in the system - one that would then have multiple uses, which is where XBRL will shine. XBRL GL was put forward as a key technology to implement that approach. In this article, this same idea is explored and supported, pointing out that the benefits to the reporting process could be considerable. Mandatory Use of XBRL May Bring Benefits to BI Reporting: TDWI

W3C Public Newsletter 9 June 2008

W3C has launched a new activity to enhance eGovernment through the use of open standards. It is based on the idea that use of open standards on the web can make government more efficient and cost effective. It is an activity that XBRL needs to participate in because XBRL is an open standard that has been proven to generate significant savings in government and in the cost of compliance through initiatives such as the Standard Business Reporting (SBR) programs in the Netherlands and Australia. W3C Public Newsletter 9 June 2008

XBRL Education

There is a video of David Blaszkowsky, Director of Interactive Disclosure office at the U.S. Securities and Exchange Commission speaking at the XBRL Research Opportunities Forum Volume 2 No 2 May 30, 2008 at the folloowing link: XBRL Education

The new SEC rule requiring XBRL filings has been posted on the SEC site and can be downloaded from the following link:
http://www.sec.gov/rules/proposed/2008/33-8924.pdf
It's worth a careful read!