On 28 February the SEC proposed a rule to mandate the use of Inline XBRL for public company reporting. The intention is to improve the quality of the data, benefit investors, market participants and other data users, and also to decrease over time the costs involved in preparing the data for submission to the regulator […]
There is growing pressure for the development of generic, consistent and coherent standards for providing and consuming assurance over digital reporting.
Strong, consistent semantics, data provenance and standardisation are, almost universally, poorly thought out inside large organisations. This makes the business of government harder than it should be. The XBRL standard can assist with many aspects of these problems.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
