WASHINGTON--(BUSINESS WIRE)--XBRL International (XII) today announced a donation from the Global Acunting Alliance (GAA) for the purpose of advancing the work of XII to meet global market demand for the XBRL standard. Citing strongly aligned views on the value of an open source standard for business and financial data the Global Acunting Alliance pledged financial support for XBRL International’s efforts.

“Increased participation from the global mmunity is key to strengthening the XBRL standard and the support materials available to aide implementation”

"GAA and XII have deeply shared values about the XBRL standard,” said Anthony Fragnito, CEO of XBRL International. “Their financial support, along with new jurisdictions like XBRLChina, will help fuel progress as we ntinue our global mission to provide an international standard language for business data. During the XII Steering mittee (ISC) meeting in Brussels later this month we will refine our plans for scaling XII to meet these demands.”

Mike Willis, ISC Chair, will lead the meeting in Brussels and facilitate discussions on ics such as developing and resourcing the XBRL standard development plan, the XII participation model and business plan and the work plan for the XII Best Practices Board.

XII recently announced XBRL China as the 20th Jurisdiction of XII. With the addition of 5 Provisional jurisdictions XII ntinues to build a strong work in Europe, , the Middle East, North America and Australia. The role of jurisdictions in XII is to facilitate market llaboration and to promote, cate and assist in the implementation of XBRL projects. Jurisdictions are a key partner in the mission of XII driven by the needs and desires of the local membership base.

"Increased participation from the global mmunity is key to strengthening the XBRL standard and the support materials available to aide implementation," said Anthony Fragnito, CEO of XII. "We look forward to approving our strategic plan which calls for XII to build the XBRL standard with the broadest input and participation possible, including attracting support from key technology and international leaders."