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Overview:
This whitepaper provides an overview of the reasons why eXtensible Business Reporting Language (XBRL) is fast becoming a key technology in business, particularly in financial reporting. The paper outlines the challenges that the financial reporting marketplace has faced over the past decade. This includes the financial scandals around Enron, WorldCom and Parmalat, the need for greater transparency in stock exchanges, risk and liquidity reporting for banks, and standard business reporting. It also covers some of the emerging areas where XBRL is being considered - intra-corporate reporting and sustainability reporting.
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| Format: | Size: | 692 KB | |
| Date: | Oct 2008 | ||
| Pages: | 14 |
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