Presentation on theme: "Saturday, 15 February 2014 Olivier Servais XBRL Team Leader IASCF: Whats going on?"— Presentation transcript:
Saturday, 15 February 2014 Olivier Servais XBRL Team Leader XBRL @ IASCF: Whats going on?
Financial Reporting Goes Global IASB and IASCF IASB (the Board) is made of 14 members making the Standards and has the technical expertise IASCF (the Foundation) is providing the context to achieve the Board mission Others: SAC, IFRIC
Financial Reporting Goes Global Mission of the XBRL team Mission statement : Create and provide the right framework for proper adoption and implementation of IFRS standards with XBRL Objectives Implement XBRL wherever IFRS is used Deliver the XBRL Taxonomy with the same quality, at the same time and in the same languages as the paper version
Taxonomy - Development update IFRS-GP 2006 acknowledged by XII IFRS-GP 2007 Draft 0.3 SME phases I and II (architecture considerations and taxonomy development) Convergence Issues Paper, phase II and III (equivalence theory and XBRL mechanism) References linkbase phases I-IV (enhancement projects miscellaneous refinements) European Committee of Central balance Sheet Data Offices (ECCBSO) IFRS real cases phase III instance creation project Release of IFRS-GP 2006 Taxonomy Labels in Spanish Release of IFRS-GP 2006 Taxonomy Labels in French Release of IFRS-GP Versioning Project, Phase II
Financial Reporting Goes Global Versioning - Development update
Financial Reporting Goes Global IFRS Taxonomy Translation