Despite its presence and use for several years now, XBRL has not achieved its full potential for either investors or companies in the United States. One reason is that companies continue to see structured data as a compliance and cost burden, and they have shared these views with regulators. Securities regulators worldwide are examining costs and some of what has been learned may be particularly relevant to them.
This CFA Institute blog and the supporting paper examines the costs that large and small companies bear in preparing and filing their financial information in a structured format and what can be done to mitigate those costs.
Read the blog: Realizing the Potential of Structured Data
Read the paper: The Cost of Structured Data: Myth versus Reality