2009 Oct
The XBRL International organization is evaluating the market potential and demand for a XBRL Certification Program for individuals, which strikes us as a good idea. Since XBRL is a standard tool for many financial reporting jobs, the certificate would be a plus for applicants.
Similar certificates exist in the financial, auditing and information technology communities, so XBRL is inviting interested parties to submit their opinions about the value of an XBRL Certification Program through this online survey.
Two levels of proficiency are being considered for certification. The foundational level courses and exams would be delivered online while the professional level might be accompanied by direct interview.
October 15th, 2009 at 7:20 am
There should be a certification in XBRL – -but XBRL International should not be executing. XBRL International is not skilled or structured to support local taxonomies. They do not have relationships with the regulators that are building or mandating each local taxonomy. They would need to build a completely duplicative structure and set of skills to the local jurisdictions to make the certifications relevant. They certifications should be built and executed by XBRL.US, XBRL.China, etc and the curriculum should be approved by XBRL international .
October 22nd, 2009 at 9:02 pm
Please let me (all of us) know what more we can do to help with a professional certification.
December 16th, 2009 at 11:10 am
What is the latest on XBRL certification?
February 8th, 2010 at 5:51 am
XBRL Certification Program:
I think there are different level of Certification that needs to be in place. On the taxonomy level the XBRL jurisdcitons that have an ifrastructure could give taxonomy and instance document and even assurance certifications (several of jurisdcition do not have that in place today) but on a global level for the specification that impact technology vendors I think there must be an intertional certification as a vendor does not want the associate cost and confusion with certification in each jurisdiction. That said, the accounting institutes should also have a say in the certification as some taxonomies are GAAP related. So the question is, will their be specific taxonomy certifications? at the end of the day we need to look a the market place and not make this to complecated and some sort of Intertional blessing must be in place or we risk many certifications that will couse confusiion in the market place. Does XBRL intertional have the infrastuture to do so at the moment.I would say no.. but XBRL International have dcreated recentley a working group to look into the matter and I encourage everyone to send your comments to XBRL Inernational and/or your local XBRL jurisdctions.
Liv Watson
March 4th, 2010 at 9:09 pm
Hi Liv,
I agree that there should be a minimum level of certification but would you also include extensions designed by the in-house financial staff? There has been research on the use of extensions and this would suggest that there is quite a view adaptations which could have been ommitted if the user had used the appicable taxonomy correctly. But….perhaps that is emphasizing the need for certification? Perhaps this could be a certification like the financial advisors do?
Assurance services could be extended to certify that the correct Taxonomy has been used but perhaps this will increase the cost for the preparer?
The tertiary educators in Australia have little interest for coverage of this topic into their curriculum (I tried!)
Cheers
Hendrika
April 17th, 2010 at 5:54 pm
Why bother? Most people that are certified are really not good at what they claim. Certification is nothing compared to actual experience. Yet no certification ever exists for those who have never taken the exam but have decades of experience. Just like Wall Street, with its appointed directors, or the daddy-paid-for-my-education, daddy-paid-for-my-hot-car or I-never-made-a-profit-investing yet I can tell other people where to lose their money. How many more madoffs and how many more Standard Oil government blowjobs?