● Fujitsu Offers Detailed Footnote Tagging XBRL Solution in Interstage XWand 11 to Help Filers Satisfy Regulatory Requirements
● XBRL-Europe Welcomes SWIFT as Member; Launches Usability Forum Working Group
● China to Complete National XBRL Taxonomy in June 2010; to Host 21st XBRL International Conference in Beijing, October 2010
NEW YORK--(BUSINESS WIRE)--Financial executives, banking supervisors, securities regulators, technology vendors, accountants and stock exchanges from around the world convened in Rome, Italy this week during the 20th XBRL International Conference (XBRL20) to discuss the continued expansion of XBRL and its use by regulators as a tool to enhance transparency and improve disclosure of information.
The conference, hosted by XBRL-Europe, a regional body under XBRL International, Inc. consisting of European member jurisdictions, and XBRL-Italy, an XBRL-Europe member, focused on the significant expansion in the use of XBRL for filings by companies representing more than 75% of the world’s market capitalization.
“The sizeable market penetration of XBRL has been a strong driver for new tools and capabilities from software vendors around the world,” said Anthony Fragnito, CPA, CEO of XBRL International, Inc. “The expanded functionality of applications to handle things like XBRL tagging of detailed footnotes and other requirements eases the burden on companies in preparing their regulatory filings. XBRL is mandated in the largest economies in the world, which means millions of XBRL filings are occurring today, and an unprecedented amount of information is now available to the public in a machine-readable, accessible format. Access to this information will help rebuild trust and improve transparency in the wide variety of reporting domains.”