Written by Bob Schneider Posted on March 12, 2009
I recently reviewed this blog’s content for the past few months and was not
surprised that more than half was devoted to the SEC’s XBRL mandate. The
final rule for interactive data has certainly been the big story, a major
milestone in XBRL implementation. But there have been other developments
that, while not as historic as the final rule, are notable and significant.
These include:
The IBM Data Governance Council — which comprises more than 50 companies
that have pioneered best practices around risk assessment and data governance
— announced in December that it was exploring the use of XBRL for risk
reporting. Steve Adler, Chairman of the Council, reported on the follow-up
meeting in late February. The Open Compliance and Ethics Group established a
provisional XBRL jurisdiction in September. In October, th... (more)
Founding President of XBRL International Joins Clarity Systems
FOXBusiness
TORONTO, March 26, 2009 /PRNewswire via COMTEX/ ----Clarity Systems, a leader
in corporate performance management (CPM) and external reporting solutions,
today announced that J. Louis Matherne has been appointed as Director, XBRL
Services for the ...
... (more)
Gerald Trites is Project Director of XBRL Canada and writes the XBRL Canada
Blog. He is an information systems researcher and consultant who is a
Research Fellow with the Center for Information Systems Assurance at the
University of Waterloo. Previously, he was a Professor at St Francis Xavier
University and a partner of KPMG.
Mr. Trites is also principal author of Interactive Data — Building XBRL
Into Accounting Information Systems, a book we strongly recommend and the
focus of this first installment of our two-part interview.
(1) Your book contains this comment about XBRL and... (more)
By Diane Mueller
How can you turn the U.S. SEC eXtensible Business Reporting Language (XBRL)
mandate’s requirements into an opportunity when making process improvements
to comply? Implement an XBRL-enhanced document management strategy as part of
your internal corporate filing workflow which will both boost compliance and
save money.
Strategies for Success
Document management is based on applying the principles of structured content
— documents that have been chunked into meaningful component parts and
tagged in a systematic fashion. In the case of the corporate financial
repor... (more)
LONDON, Feb. 25 /PRNewswire/ — Clarity Systems, a leader in corporate
performance management (CPM) today announced that its expanding Clarity FSR
customer base now includes LV=, one of the United Kingdom’s oldest and most
prestigious mutual financial services groups. The firm’s group finance
department is now using Clarity FSR to prepare all of its 2008 annual
accounts for March 2009 filing.
“At LV= we are always looking for operational and technical advantages to
improve our cost-efficiency for the benefit of our policyholders,” says
Andy Young, Group Financial Controller. “So ... (more)