IASB XBRL team seeks participants for its 2013 XBRL Industry Practice Project

  • XBRL (eXtensible Business Reporting Language) (mid blue) Image

10 Jun, 2013

In the last three years, the IASB XBRL team has been interacting with companies from various countries and industries to identify and develop extra concepts to the IFRS taxonomy reflecting common practices. The IASB XBRL team is re-establishing the project to examine and develop common industry practice concepts for the IFRS Taxonomy, and is looking to work directly with stakeholders across different industries and regions in order to increase comparability, reduce the number of XBRL extensions, and lower the burden on preparers. The process will be conducted by a joint programme of empirical analysis and interaction with industry representatives.

For 2013, the project will be focusing to the following industries:

  • pharmaceuticals,
  • real estate,
  • telecommunications; and
  • transport.

The IASB is looking for participation from the following groups:

  • Preparers,
  • Users (Investors and Analysts),
  • Industry groups,
  • Regulators and Supervisors.

Application from all geographical regions is encouraged.

Companies interested in participating in this project should express their interest by 28 June. The first meeting will take place on 8 July.

For further information please go to the press release on the IASB's website.

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