Thursday, May 09, 2013

XBRL a Growing Force Around the World

A recent presentation at the XBRL International Conference in Dublin highlighted major implementations of XBRL in numerous countries. The data provides striking evidence of the growing role of XBRL around the world, particularly in its use by governments and regulators.

The data represents implemented projects during 2013 and shows 1.6 million filings with HMRC and 1.1 million with Companies House in the UK. Also, there were 1 million filings each with Bundesbank in Germany and with Infocamere in Italy. In the sphere of SBR, thee are new projects in Finland, Norway, Ireland and Denmark. And that's just in Europe! Other data on other parts of the world show significant filings in Shanghai, Japan and India, among others.

Securities and financial regulators account for 47% of the filings, with the remaining attributable to bank regulators, business registers, SBR and Tax regulators.

It's an impressive record and one that shows just how very important XBRL has become on the world stage. Here's the presentation.

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