XBRL International Unveils Strategic Initiatives. Calls for Wider Participation.
XBRL INTERNATIONAL UNVEILS STRATEGIC INITIATIVES TO MAKE XBRL EASIER TO DEVELOP, USE AND PARE
INVITES WIDER MUNITY PARTICIPATION
NEW YORK, NY, OCTOBER 6, 2010 – XBRL International, Inc., (XII), the global standard setting body for the XBRL, today released “Preserve. Promote. Participate. Moving XBRL Forward,” a re vision document that outlines six strategic initiatives to ntinue the momentum of the XBRL standard.
“Preserve. Promote. Participate.” invites all business reporting stakeholders to get involved in advancing the XBRL standard, outlines the strategic initiatives proposed by the XBRL International Standards Board (XSB), and discusses how these initiatives position XBRL for the future while preserving current investments.
“XBRL is at a historic milestone – it is already being used by millions of mpanies, investors, regulators, analysts, acuntants, and technologists around the world,” said Anthony Fragnito, CPA, CEO of XBRL International, Inc. “The standard is poised to cultivate even greater market opportunities and value by leveraging the full power of the global XBRL mmunity. The XBRL movement is an open, llaborative mmunity filled with diverse, talented experts who put aside mpetitive motivations in favor of the llective good that XBRL delivers: greater transparency, improved risk management, and more informed decision-making. Our strategic initiatives create the engine to drive further XBRL adoption.”
Developed after careful deliberations and nsideration of worldwide input received from XII’s February 2010 Discussion Document, “Preserve. Promote. Participate.” outlines these initiatives:
- Create an abstract model to provide a nceptual framework for understanding XBRL and give developers a strong foundation for implementing XBRL solutions.
- Produce quality training materials to support developers and cate those new to XBRL.
- Define standard Application Programming Interface (API) signatures that enable software applications to more easily and nsistently nnect with XBRL-enabled systems.
- Reanize the existing XBRL technical specification to make it more readable and easier to understand.
- Enhance data mparability to enable richer analysis across a wider set of data, regardless of project boundaries.
- Create application profiles to simplify the application development process by demposing the XBRL technology stack into smaller mponents.
“The XBRL Standards Board has outlined a set of strategic initiatives with the goal of making it easier for developers to produce, mpare and use XBRL data within software applications,” said Chethan Gorur, Chair of the XSB. “We invite the XBRL mmunity to take an active role in the development of these
initiatives.”
Additional announcements and discussions related to “Preserve. Promote. Participate.” will be made at the upming 21st XBRL International nference being held in Beijing, China, October 19-21, 2010. For information about the nference, visit . A py of the document can be downloaded at .




