Will XBRL Filings Produce Reliable Data?

Steinert-Threlkeld, Tom
March 2009
Securities Industry News;3/2/2009, Vol. 21 Issue 5, p1
Trade Publication
The article reports that some of the largest companies in the U.S. were asked to file their quarterly and annual reports in the extensible business reporting language (XBRL). The purpose of XBRL is to supply investors with financial data more quickly and accurately. The decision of the Securities and Exchange Commission to approve rules that will phase in mandatory filing by all public companies in the Web is mentioned. Also discussed are ways to ensure companies will submit reliable data.


Related Articles

  • An IMA Member Shares His XBRL Filing Experience. Brands, Kristine // Strategic Finance;Jul2013, Vol. 95 Issue 7, p56 

    The article discusses the experiences of an unnamed controller for a small bank in the U.S. Southeast in complying with the Securities and Exchange Commission's mandate for firms to make certain regulatory filings using eXtensible Business Reporting Language (XBRL). Details are presented about...

  • The Time Is Right for Standard Business Reporting. Sinnett, William M.; Willis, Mike // Financial Executive;Nov2009, Vol. 25 Issue 9, p23 

    The article discusses standard business reporting (SBR). Hallmarks of SBR include a national taxonomy used by firms for submitting financial information to governments, elimination of superfluous or unnecessary data descriptions, the capacity to create direct reports from reporting and...

  • Integrated Reporting and Corporate Disclosure. Monterio, Brad J. // Strategic Finance;Mar2014, Vol. 96 Issue 3, p54 

    The article discusses integrated reporting and a framework for its implementation released by the International Integrated Reporting Council (IIRC) in December 2013. Information is presented on why the IIRC created the framework, a summary of its content, and the role of information technology...

  • Better, faster data for analysis and investors. Pyman, Trevor; Willis, Mike // inFinance;Dec2007, Vol. 121 Issue 5, p49 

    The article offers information about XBRL (eXtensible Business Reporting Language). It was based on the XML language wherein it provides data tags for every element of a financial statement or reports. Reported data in this format contain its meaning and relationship to other data in the report,...

  • Turning Obligation into Opportunity. Garbellotto, Gianluca // Strategic Finance;Aug2008, Vol. 90 Issue 2, p57 

    The article mentions a proposed rule concerning the use of a document markup language, XBRL, by corporations for external financial reporting in the United States. The U.S. Securities and Exchange Commission is requesting that companies use XBRL when filing reports with regulators. The issue of...

  • XBRL Will Spread Quickly. Hannon, Neal // Strategic Finance;Jun2001, Vol. 82 Issue 12, p68 

    The article discusses the potential for the widespread adoption of eXtensible Business Reporting Language (XBRL) in financial report preparation. The article notes the cooperation between XBRL.org and a federal agency as they convert a monthly report received from over 100,000 financial...

  • XBRL is too complex for adoption. Cushing, Karl // Computer Weekly;5/20/2003, p25 

    Extensible Business Reporting Language, which is used for displaying financial data on listed companies, will not take off in its present form due to its complexity and the lack of an international accounting standard, industry experts have warned. XBRL is the emerging standard for the...

  • Using XBRL to Attack Risks to the Financial System. Neff, Todd // Compliance Week;Jun2009, Vol. 6 Issue 65, p36 

    The article offers information on the Extensible Business Reporting Language (XBRL) technology which aims to bring clarity to financial statements and save the U.S. financial system from future risks. As stated by the proponents, the XBRL technology is specifically made to assist regulators to...

  • INFOSPEAK.  // CIO Insight;Nov2004, Issue 46, p28 

    This article presents a diagram showing how eXtensible Business Reporting Language (XBRL) enables American corporations to file financial reports electronically.


Read the Article


Sign out of this library

Other Topics