January 31, 2007

XBRL NEWS


XBRL and Auditing


Although the auditing of public companies differs from how the financial health of banks and similar financial institutions is examined, both confront many of the same issues regarding accuracy, data collection from multiple sources and a variety of end-users, including the public, relying on the information provided.

Voluntary XBRL Filing Program Launched in Canada


In 2006, the Canadian Securities Administrators (CSA) conducted a survey assessing the awareness of XBRL in the marketplace and the interest in an XBRL filing program. "The feedback we received from the marketplace indicated that about half of the respondents have some understanding of XBRL and a significant number are in favor of an XBRL filing program," Jean St-Gelais, Chair of the CSA and President and Chief Executive Officer of the Autorite des marches financiers (Quebec).

UBmatrix XBRL Processing Engine Goes Open Source


Chalk another one up for open source. UBmatrix has published the source code for its publicly released Java version of their Processing Engine as a new Open Source project on SourceForge.net.

CompSci Introduces XBRL Analysis Tool


Individuals interested in exploring how eXtensible Business Reporting Language (XBRL) is changing the way companies are filing financial reports should take CompSci Resources "Interactive Analysis" (iA) for a spin.

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