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High-quality business reporting is at the heart of strong and sustainable organizations, financial markets, and economies. It allows organizations to present a cohesive explanation of their business and helps them engage with internal and external stakeholders, including customers, employees, shareholders, creditors, and regulators, while also promoting better internal decision making. Professional accountants are integral to all phases of organizational reporting. Read More
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XBRL International is a not-for-profit consortium of over 600 companies and agencies worldwide working together to build the XBRL language and promote and support its adoption. The consortium members meet regularly at international conferences, conduct committee work regularly via conference calls, and communicate via email and phone calls throughout the week. This collaborative effort began in 1998 and has produced a variety of specifications and taxonomies to support the goal of providing a standard, XML-based language for digitizing business reports in accordance with the rules of accounting in each country or with other reporting regimes such as banking regulation or performance benchmarking.
This article focuses on electronic tagging of data, XBRL, and related issues.
November 25, 2014 - IFRS Foundation
November 25, 2014 - Financial Reporting Council
November 19, 2014 - AccountingWEB
November 18, 2014 - Accountancy Age
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