MIX Case Study Published by XBRL InternationalPublication documents the first acknowledged extension of IFRS taxonomy
You can now find out more about how the Microfinance Information Exchange (MIX) is using innovative technology for financial reporting. MIX has published a case study via XBRL International on the organization’s efforts to implement XBRL reporting and to develop an XBRL taxonomy for microfinance, based on International Financial Reporting Standards (IFRS).
The XBRL International Best Practices Board published a case study from MIX outlining the goals, implementation process, and results of using XBRL for data collection from microfinance institutions. “The goal [of this project] is a genuinely global data collection using XBRL. MIX seeks to translate diverse data from microfinance institutions into a form readable by an equally diverse set of stakeholders,” said Scott Gaul, Product Development Manager at MIX. “MIX looks to support standards within the microfinance community through use of an XBRL taxonomy and use of XBRL as a common language for exchange of information on microfinance institutions.”
To learn more about MIX’s XBRL work, download the case study, download our taxonomy, or visit our XBRL web pages.
