Are US companies ready for XBRL? Are they even thinking about it? Compliance Week polled its readers on the subject a few weeks ago. The results were less than encouraging. Surprisingly, even though large companies will start adopting XBRL probably in a matter of months — they are just as unprepared for the change as small companies.
Is it possible that XBRL enabled search technology increases the transparency of company financial disclosures? In my opinion, certainly it does. Whether it is publicly traded companies or privately held companies, people who are charge of management know that most investors and analysts pay more attention to information in the body of financial statements rather than lengthy footnotes [...]
Other than acknowledging that the Securities and Exchange Commission has proposed a mandatory XBRL filing rule for reporting companies, and then outlining the compliance deadlines for that rule, the tech press hasn’t said much about what that rule will require. So when a client alert on the proprosed rule from [...]
BRUSSELS, BELGIUM, MAY 6, 2008
XBRL International, Inc. (XII), www.xbrl.org, announced today it has formed XBRL Europe, a non-profit association based in Brussels to represent, coordinate and support XBRL members within Europe in their efforts to drive XBRL strategy and adoption across the region. Founding members of XBRL Europe are: XBRL Belgium; XBRL France; XBRL Ireland; [...]