XBRL, Moving to a global standard for electronic business reporting
The new reality
Today more than ever heightened regulatory oversight, globalisation and rising risk awareness are forcing companies and regulators to look into technologies that standardise the exchange of financial and business information.
eXtensible Business Reporting Language, or XBRL, was designed to meet these challenges by establishing a global standard to streamline corporate to government and interagency reporting. Worldwide, regulators and companies are embracing XBRL as a standard for financial and business data.