Today more than ever heightened regulatory oversight, globalization and rising risk awareness are forcing companies and regulators to look into technologies that standardize 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.
As XBRL-based reporting is gaining momentum, now is the time to take a holistic approach in the integration of XBRL into your financial and business processes.
Deloitte is one of the founding members of the XBRL International consortium. We can provide your financial reporting teams with expertise in the areas of (financial) data warehousing, financial processes (e.g. consolidation), audit & compliance, tax, ERS, industry expertise, and XBRL design.