In a continued effort to educate on the development of XBRL technology in industries such as financial services (and beyond), Merrill Corporation will share articles and columns published on the topic.
The XBRL 22 Conference in Brussels ended this week, and one of the pieces of news coming out was the announcement that Switzerland is the next XBRL Jurisdiction.
XBRL International is the worldwide non-profit organization that is compiled of approximately 650 companies and agencies to build and promote the XBRL language and popularity. The mechanism they use to accomplish this are local jurisdictions which, according to their mission statement, "represent countries, regions or international bodies and focus on the progress of XBRL in their areas as well as contributing to international development. Members join through their local jurisdiction, except in areas where no jurisdiction has yet been formed, when they can join XBRL through a special direct membership category."
The consortium members meet periodically in international conferences, conduct committee work regularly via conference calls, and communicate in email and phone calls throughout the week.
For more information on XBRL jurisdictions, click here.
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