About XBRL

The IASC Foundation eXtensible Business Reporting Language (XBRL) Team is the unit responsible for the development of a high quality IFRS Taxonomy.

Incepted in the early days of XBRL in 2001 by the Trustees of the IASC Foundation, the XBRL team recently refocused his mission statement which is to provide a high quality IFRS taxonomy in the same languages (about 30 translations) and at the same time as IFRSs .

The mission of the XBRL Team is part of the IFRS adoption and implementation strategy and is fully integrated with the IFRSs development. The XBRL Team is mandated to provide quality assurance of the IFRS Taxonomy as well as its maintenance and co-ordination.

The XBRL Team consists of two pillars - Technology and Accounting. The technology pillar is responsible for providing technical XBRL expertise and developing XBRL tools. The accounting pillar provides in-depth accounting domain expertise necessary when representing the IFRSs in XBRL format.

The XBRL Team is supported by two external committees XBRL Advisory Council (XAC) and XBRL Quality Review Team (XQRT).