The Trustees of the International Accounting Standards Committee (IASC) Foundation has announced the inaugural membership of the extensible business reporting language (XBRL) advisory council and XBRL quality review team.
The XBRL advisory council will provide strategic advice to the trustees and the foundation’s XBRL team on the future development and adoption of the XBRL taxonomy for International Financial Reporting Standards (IFRSs). It will meet for the first time in December 2007.
Big Four representatives include Chris Rogers, KPMG LLP partner and XBRL-UK chair, and Bruno Tesniere, PricewaterhouseCoopers (PwC) audit partner, France, and PwC Global XBRL joint leader, on the XBRL advisory council; and Josef Macdonald, Ernst & Young Global associate director in international auditing and assurance standards on the XBRL quality review team, which will help to assure the quality of XBRL taxonomy by reviewing taxonomies developed by the IASC Foundation. It will meet in January 2008.
Representatives of the US Securities and Exchange Commission, the Japan Financial Supervisory Agency, the European Commission and XBRL International will also join the XBRL advisory council as observers
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