On August 15, the Journal of Accountancy published the article, "XBRL Costs for Small Reporting Companies Have Declined 45% Since 2014" , stating:
"The cost of formatting financial statements in Extensible Business Reporting Language, or XBRL, for small reporting companies has plunged 45 percent since 2014, according to a new study by the American Institute of CPAs and XBRL US, making the requirement for using the data-tagged format more affordable..."
Read the full article.
Read the study.
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