Mr Jay Starkman in article in Financial Times states that “first practical use of XBRL appears to be helping the Securities and Exchange Commission discover illegally backdated stock options” - Consulting firms drool at the fee potential of XBRL.
Mr Robert D. Kugel respond to this article, and explain which facts are missed by Mr Starkman in this article – “Misconceptions and missed facts about XBRL”.
Kugel also presents a few good case studies on the varied uses of XBRL. One of the cases he features is that of the MIX — the Microfinance Industry Exchange. XBRL International has a case study on the MIX and XBRL on their site at http://www.xbrl.org. And Kugel’s case studies are available on UBmatrix’s website at http://www.ubmatrix.com/casestudies/