XBRL Names New Leader

The IASC Foundation, the oversight body of the International Accounting Standards Board (IASB), announced the appointment of Olivier Servais as team leader of the foundation's XBRL activities.

XBRL (eXtensible Business Reporting Language) is rapidly becoming the worldwide standard for electronic financial reporting. 

Servais will coordinate all XBRL-related activities by the foundation, working with private and public organizations involved in the advancement of online financial reporting, as well as advising users and preparers of International Financial Reporting Standards in considering the appropriateness and timing of XBRL adoption.

Servais most recently as European director of XBRL International and previously served as a member of the XBRL International Steering Committee, the Consultative Working Group of CESR Transparency, and the Eurostat XBRL Pilot Task Force.

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