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
Further reading:
Like it or lump it, the IASB is unstoppable
IASB seeks overseer for its decisions
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