Olivier Servais , IASB Foundation
Olivier Servais is Director of XBRL Activities at the IFRS Foundation, the oversight body of the IASB. The IFRS
Foundation is an independent, not-for profit private sector organization working in the public interest to develop a
single set of high quality, understandable, enforceable and globally accepted financial reporting standards based
upon clearly articulated principles.
Mr. Servais is responsible for coordinating the IFRS Foundation's XBRL-related activities in order to accelerate the implementation and adoption of IFRSs with XBRL around the world. Mr. Servais has extensive experience in co-ordinating international XBRL developments, having served as Secretary General and then European Director of XBRL International, and as a member of numerous XBRL committees and working groups.
Mr. Servais holds a Licentiate's degree (Ingenieur commerical) in Business Administration and a post-university degree in SME Administration, both from ICHEC, Brussels. He is also the author of numerous publications on the subject of XBRL.
With over 120 countries adopting IFRS, most of them are implementing with XBRL and the IFRS taxonomy. By interacting closely with those regulators, there are some lessons that have been learned which could serve future projects, including local matters, terms of compliance, extensions, enforcement and interaction with constituents, etc. Now that taxonomies are available and being used, taxonomy providers have new challenges to face in as they seek the expected benefits of XBRL, including the dissemination of data and their proper consumption (tools, analysis...) One of the most important questions we face is, how far are we from the global adoption of XBRL. Will we reach a point when we no longer have to talk about it?