XBRL Turkey, a joint venture of key public and private organizations that will spearhead the implementation of XBRL for digital business reporting in the country, has been granted Jurisdiction status. XBRL Turkey is currently comprised of key stakeholders from the regulatory, academic and business communities, including the Ministry of Finance, the Central Bank of Turkey. The establishment of a Jurisdiction in Turkey represents the first step in an ambitious effort to utilize XBRL in Turkey for a wide range of corporate and regulatory reporting.
XBRL International is pleased to welcome XBRL Turkey as a member of the community of financial, business and technology leaders that are setting the standard for the transparent, efficient sharing of business information and data. The Capital Markets Board (CMB) and Borsa Istanbul A.S. (Borsa Istanbul) aim to make XBRL reporting obligatory for the over 550 companies that currently use the Public Disclosure Platform for regulatory filings. Work has begun on an XBRL-TR-IFRS taxonomy, based on Borsa Istanbul and CMB translations.
Due to strong support for XBRL from multiple regulators in Turkey, XBRL Turkey will also initiate a Standard Business Reporting project, with taxonomy development to begin in January of 2014.
See the full article in XBRL International
Fuente: XBRL Internacional.