The IASC Foundation also published today a draft Due Process Handbook for XBRL Activities for public comment. The handbook sets out the IASC Foundation’s XBRL mission, methodology and scope of work. It describes the mandatory procedures followed in developing the IFRS Taxonomy and in all other XBRL activities, and the comment period closes on 26 June 2009.
The IFRS Taxonomy 2009 and Due Process Handbook for XBRL Activities are freely available on this website.
Commenting on the publication of the XBRL Taxonomy and the handbook, Gerrit Zalm, Chairman of the IASC Foundation’s Board of Trustees, said:
The Trustees are fully committed to supporting the Foundation’s XBRL activities and are delighted with the release of the IFRS Taxonomy 2009 and to see the growing acceptance of XBRL across the world, in particular in countries that are also adopting IFRSs. With the release of the Due Process Handbook, the Foundation’s mission to provide a high-quality taxonomy whilst working to a thorough and transparent due process is now formalised.
Olivier Servais, the IASC Foundation’s Director of XBRL Activities, added:
The IFRS Taxonomy 2009 development has been a collaborative effort with contributions from organisations and individuals around the world. We are particularly pleased that many countries adopting IFRSs will combine this with the introduction of XBRL. The release of the IFRS Taxonomy 2009 marks a milestone in the advancement of interactive data.
Press enquiries:
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Sonja Horn, Communications Adviser
Telephone: +44 (0)20 7246 6463; email:
shorn@iasb.org
Technical enquiries:
- Olivier Servais , Director of XBRL Activities
Telephone: +44 (0)20 7246 6927; email: oservais@iasb.org