Ministry of Commerce Joins Electronic Financial Statements Organization Membership

Riyadh, Rabi’I 3, 1437, Dec 14, 2015, SPA — The Ministry of Commerce and Industry today announced its accession to membership of International Electronic Organization for Financial Statements using XBRL, which was established in 1999 by the American Institute of Certified Public Accountants (AICPA).
The ministry said in a statement today that the membership of the organization contributes to strengthening the opportunity to exchange experiences and services offered in the field of electronic disclosure of financial and non-financial information and statements and non-financial using XBRL.
It is worth mentioning that the Organization is a non-profit one and aims at setting standards in the used language of XBRL.
It also represents approximately 600 agencies and organizations of the government and private sectors from around the world.

13:21 LOCAL TIME 10:21 GMT