The oversight body for the International Accounting Standards Board said that Olivier Servais will serve as team leader for the organization’s Extensible Business Reporting Language initiative.
XBRL is a technology that tags financial information through disparate applications and carries it through the business reporting chain.
The IAS Committee Foundation said that Servais will coordinate all XBRL-related activities by the foundation, working closely with private and public organizations involved in the advancement of online financial reporting, as well as advising users and preparers of internal standards in considering the appropriateness and timing of XBRL adoption.
Servais has coordinated several XBRL developments in Europe, most recently working as European director of XBRL International, a nonprofit consortium of companies and agencies worldwide working to build the XBRL language and promote and support its adoption. He also served as secretary general of the European Commission-funded XBRL in Europe project.
Previously, Servais served as a member of the XBRL International Steering Committee, on a working group to improve the transparency of the Committee of European Securities Regulators, and on the Eurostat XBRL Pilot Task Force.
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