According to a report from the Financial Reporting Council’s Financial Reporting Lab (PDF), XBRL (eXtensible Business Reporting Language) will play a central role in the movement toward the digitalization of corporate reporting.
And with regulators in over 60 countries using XBRL for corporate reporting, I agree with the report’s recommendation that regulators, companies and investors should work together to understand how to maximize the benefits of XBRL in the future.
Read more from Lou Rohman of Toppan Merrill and Chair of the Data Quality Committee - https://blog.toppanmerrill.com/blog/author/lou-rohman.
Upcoming XBRL US Events
Reporting Modernization Work Group Meeting
XBRL Reporting for Special Purpose Acquisition Companies
Communications & Services Steering Committee Meeting
Domain Steering Committee Meeting
Standard Government Reporting Work Group Meeting
AI Meets Auditing: Build Smarter Accounting Estimates with Multi-Agent LLMs
States Step In: Corporate Climate Reporting
