IASCF appoints two XBRL advisory groups

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

23 Nov 2007

The IASC Foundation, under which the IASB operates, has appointed an XBRL Advisory Council and an XBRL Quality Review Team.

Click here for the IASCF Announcement (PDF 17k).
  • The XBRL Advisory Council will provide strategic advice to the Trustees and the Foundation's XBRL team on the future development and adoption of the XBRL Taxonomy for International Financial Reporting Standards (IFRSs).
  • The XBRL Quality Review Team will help to assure the quality of XBRL taxonomy by reviewing taxonomies developed by the IASC Foundation.
XBRL (eXtensible Business Reporting Language) is a computer software language that is developed specifically for the automation of business information requirements, such as the preparation, sharing, and analysis of financial reports, statements, and audit schedules. The XBRL taxonomy for IFRSs is, in effect, a dictionary of data tags that explains what each tagged element is and how it should be treated under IFRSs. It will be maintained in line with the annual Bound Volume of IFRSs. Click for More Information.

 

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