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.
