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 [...]

In a nutshell, XBRL (Extensible Business Reporting Language) is the language of finance accounting. The goal of XBRL is to make the analysis and exchange of corporate information more reliable. The importance of internal control in organizations has become even more visible after Sarbanes-Oxley.  Management is now more aware of weak areas of their internal [...]