XBRL

The Republic of Macedonia, situated in the central Balkan Peninsula in South Eastern Europe adopted XBRL for electronification of the process of companies’ registration in the country. The Ministry of Economy of Macedonia was also keen that this project also provides an integrated e-solution to administration needs of the country. The ministry commissioned the consortium of IRIS Business Services of India and Enterprise Registry Solutions of Ireland to propose and build the XBRL solution. Read this case study to know how IRIS conceptualised, designed, implemented and commissioned one of the first XBRL projects in the Balkans.

The Johannesburg Stock Exchange (JSE) is the largest stock exchange in South Africa, with more than 400 companies listed and combined market capitalizations of over $182 billion, making it one of the largest in the world as well. JSE, which is a major provider of financial information, has been a pioneer in the adoption of investor friendly initiatives also the latest financial reporting techniques. JSE commissioned IRIS to develop an XBRL based reporting solution based on the IFRS taxonomy. IRIS also builds the platform for viewing and consuming XBRL data based on IRIS iFile.