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

  • XBRL — gray Image

Jun 10, 2013

Over 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 that reflect common practices. The IASB XBRL team is reestablishing the project to examine and develop common industry practice concepts for the IFRS Taxonomy and looking to work directly with stakeholders across different industries and regions to increase comparability, reduce the number of XBRL extensions, and lower the burden on preparers. The process will be conducted by a joint program of empirical analysis and interaction with industry representatives.

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

  • Pharmaceuticals.
  • Real estate.
  • Telecommunications.
  • 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 June 28. The first meeting will take place in July.

For further information, see the press release on the IASB's Web site.

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