XBRL-Indonesia Community Site
Hi Guys, happy new year. This is our first post in this hopefully very good year. In this post i would be trying my best to be XBRL forecaster, like weather forecaster, for XBRL Projects Status in Indonesia.
Since last year there are three institutions which were already implementing XBRL for the filler under their supervision. They are IDX, Bank Indonesia, and SKK Migas. Here are 2015 stories of them:
The picture above will show you about the fillers and the regulatory institution that already involving in XBRL project 2015.
Beside that three implementation in Indonesia, in 2016 OJK will be implemented XBRL Integrated Reporting for Financing Company Reporting and Sharia Financing Company Reporting. Last year this project still in development stage, but if everything is going as they planned, on the early of this year they will launch this project. Since the OJK responsibility is to perform the supervisory and surveillance activity to control all Financial Institution in Indonesia, like Bank Indonesia they also need the details data from their filler.
The size of the report they will receive will be huge, since they need to handle more than 200 Company as the fillers from Sharia Financing Company and Financing Company. Beside that, they are also take the other steps to integrate the other types of company reporting system under the same framework and system. If they succeed on executing this huge project, all the financial company in Indonesia will be reporting using XBRL System.
The picture bellow will be show you what the industry is hopefully involving in XBRL on 2016.
Beside the four regulatory shown in picture above, i estimated that there is the other organization that planning on developing their reporting system using XBRL but the possibility still do not clear yet. Let’s wait and see what will be happening in this hopefully lovely year.