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 Call for Applications–IFRS Taxonomy Consultative Group


29 January 2014
The call for application for the IFRS Taxonomy Consultative Group is now closed.

The International Accounting Standards Board (IASB) is seeking suitable candidates for membership and Chair/Vice-Chair of the newly created IFRS Taxonomy Consultative Group.

The objectives of using a single, high quality, easily enforceable and globally accepted IFRS Taxonomy to mark up digital reports are:

  • to facilitate the efficient dissemination, processing, accessing and connection of IFRS-based disclosures; and
  • to ensure the consistent application and implementation of regulatory electronic filing requirements.

The aim of the group is to provide a technical advisory and review forum in which members can contribute towards the development of the IFRS Taxonomy so that it meets these objectives.

Background

The IFRS Foundation established in 2007 two advisory bodies for its XBRL-related activities: the XBRL Advisory Council (XAC), and the XBRL Quality Review Team (XQRT). The XAC and the XQRT have played a significant and important role over the years. However, the recent integration of XBRL activities into the IASB and the subsequent formation of a new IASB staff group to focus on the Disclosure Initiative prompted a review of the IFRS Taxonomy Due Process. This review re-emphasised the important contribution of an expert group for the continuing successful development of the IFRS Taxonomy, resulting in the formation of a new IASB consultative group 'the IFRS Taxonomy Consultative Group'. The focus of the group is technical. General strategic advice relating to how technology may affect corporate reporting and standard setting is within the scope of the activities of the IFRS Advisory Council. This new governance structure replaces XAC and XQRT.  

Terms of Reference and Operating Procedures

The IFRS Taxonomy Consultative Group- terms of reference and operating procedures provides you with detailed information about the objectives, membership composition and the organisational structure of the group. 

Criteria for membership and Chair/Vice-Chair

Candidates should be capable of playing an active role in the review of the IFRS Taxonomy. They are expected to have good practical knowledge, expertise or skills relating to one or more of the following areas: XBRL, general taxonomy design, financial reporting ontology, and consumption or preparation of electronically marked-up IFRS financial statements. XBRL technical knowledge is desirable but not essential.

The Chair and Vice-Chair of the IFRS Taxonomy Consultative Group will be selected from its members. Candidates are expected to conduct meetings, be involved in agenda planning and where appropriate participate in or contribute to meetings of the IFRS Advisory Council on topics relating to electronic reporting and the use of technology.

Candidates should explain how they meet these requirements.

Please note that in line with the IFRS Foundation's usual policy, members of the consultative group will serve on a voluntary, unpaid basis. Travel costs and other expenses will not be reimbursed.

The IASB expects that the consultative group will have between 16 and 20 members. In addition to the members, appointed observer status may be granted to organisations of the type described as mentioned in the terms of reference. These organisations should contact us if they wish to apply for member or observer status. 

The IASB expects to receive more applications than the size of the group, and, therefore, it cannot guarantee that every applicant will be invited to join the group. The IASB is seeking to include participants from a broad geographical spread, with a range of functional backgrounds.

Applications

The deadline for applications for membership and for the Chair/Vice-Chair is Friday 28 February 2014. If you wish to send an application, please email your CV and a brief description of how you meet the criteria to Francesca Falkner, ffalkner@ifrs.org.

For more information, potential candidates should contact:
Rita Ogun-Clijmans, Product Manager-XBRL Taxonomy, rogun-clijmans@ifrs.org.