 Dear Colleagues,
I am pleased to inform you that I was elected by the Trustees of the IASC Foundation as a member of the XBRL Quality Review Team (XQRT). The primary objective of this committee is to review developed XBRL materials in order to achieve the highest level of electronic financial reporting.
What is the relation between electronic financial reporting and IFRSs?
Both International Financial Reporting Standards (IFRSs) and eXtensible Business Reporting Language (XBRL) are intended to standardise financial reporting. More than 120 countries require or permit the use of IFRSs developed by the IASB, and the XBRL is rapidly becoming the worldwide standard for electronic financial reporting.
The IASC Foundation has played an important role to facilitate the electronic use and exchange of financial data prepared in accordance with IFRS’s.
On June, 18 2010 the Trustees of the IASC Foundation were inviting applications from suitable candidates for membership of its two XBRL committees – the XBRL Advisory Council (XAC) and the XBRL Quality Review Team (XQRT). Since I have been intensively dealing with XBRL I sent my application to join the XQRT.
The closure date for applications was 27 August and the result was published in November and by way of this article I inform all AGN members that the Trustees of the IFRS Foundation have approved my appointment to the IFRS Foundation’s XBRL Quality Review Team (XQRT).
I hope that through this membership I can promote XBRL among AGN-members.
If you have any questions, please do not hesitate to communicate with me if you would like to discuss any aspects related to XBRL.
László Bartók
CONSULTATIO Kft.
 Author contact details: |
|
|
CONSULTATIO GAZDASAGI ES
ADOUGYI TANACSADO KFT
Zugligeti Ut 6,
(P.O. Box 453/197)
Budapest 1121, HUNGARY
Contact persons:
László Bartók
bartok.laszlo@consultatiobp.hu
|
|
|
